The hazard of high wind around central Northumberland (6)
I believe the answer is:
gamble
'the hazard' is the definition.
(thesaurus)
'high wind around central northumberland' is the wordplay.
'high wind' becomes 'gale' (I've seen this in another clue).
'around' means one lot of letters goes inside another.
'central' means to look at the middle letters.
The centre of 'northumberland' is 'mb'.
'gale' enclosing 'mb' is 'GAMBLE'.
'of' acts as a link.
(Other definitions for gamble that I've seen before include "Run a risk" , "punt" , "Bet money" , "back" , "Risky enterprise" .)