What does the cryptic crossword clue "Take on bets, after arranging a cut (1-4,5)" mean?

The definition is "a cut". The wordplay uses an anagram. anagram of TAKEONBETS ("Take on bets,") [anagram: "after"] = TBONESTEAK; definition: "cut" The answer is TBONESTEAK.

Take on bets, after arranging a cut (1-4,5)

Guardian Cryptic #29028 | 14 Across | 2023-03-27 flower

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