Crossword Genius

Stage production where everything is in hazard (6)

Ross

I believe the answer is:

ballet

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

'stage production' is the definition.
The definition and answer can be both acts as well as being singular nouns.
Maybe they are linked in a way I don't understand?

'everything is in hazard' is the wordplay.
'everything' becomes 'all' (all things).
'is in' indicates putting letters inside.
'hazard' becomes 'bet' (both can mean to gamble or risk).
'all' inserted within 'bet' is 'BALLET'.

'where' is the link.

Can you help me to learn more?

(Other definitions for ballet that I've seen before include "kind of skirt" , "The Nutcracker or Giselle, say" , "Theatrical dance" , "The theatre of dance" , "eg Giselle" .)

I've seen this clue in the Evening Standard.
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