Crossword Genius

Queen eel is heard on a punt with a horse (9)

Ross

I believe the answer is:

elizabeth

I'm a little stuck... Click here to teach me more about this clue!

'queen eel' is the definition.
'elizabeth' can be an answer for 'queen' (I've seen this before). I am not certain of the 'eel' bit.

'heard on a punt with a horse' is the wordplay.
'heard on' becomes 'eliza' (I am not sure about this - if you are sure you should give a lot more credence to this answer).
'a punt' becomes 'bet' (I've seen this in other clues).
'with' means one lot of letters go next to another.
'a horse' becomes 'h' (synonyms).
'eliza'+'bet'+'h'='ELIZABETH'

'is' acts as a link.

Can you help me to learn more?

(Other definitions for elizabeth that I've seen before include "Queen (1533-1603)" , "I bet Hazel she'd be on a throne" , "The Virgin Queen" , "Novelist Mrs Gaskell's first name" , "woman revealed" .)

I've seen this clue in the Sydney Morning Herald.
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