Gambler's odds on gold getting smuggled in pouch (7)
I believe the answer is:
sporran
'pouch' is the definition.
(I know that sporran is a type of pouch)
'gambler's odds on gold getting smuggled' is the wordplay.
I cannot really see how this works, but
'odds' could be 'sp' (betting abbreviation for starting price) and 'sp' is located in the answer.
'gold' could be 'or' ('or' is the heraldic name for gold) and 'or' is found in the answer.
'smuggled' could be 'ran' (to run something is to smuggle it) and 'ran' is found in the answer.
No letters remain.
This may be the basis of the clue (or it may be nonsense).
'in' acts as a link.
Can you help me to learn more?
(Other definitions for sporran that I've seen before include "Pouch hanging in front of kilt" , "Scots dress item" , "Pouch accompanying kilt" , "Pouch worn in front of a kilt" , "Pouch as part of highland dress" .)