Crossword Genius

A roue not waiting for his cut? (4-3)

Ross

I believe the answer is:

rake-off

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

'his cut?' is the definition.
'rake off' can be an answer for 'cut?' (thesaurus). I am not certain of the 'his' bit.

'a roue not waiting' is the wordplay.
'a roue' becomes 'rake' (synonyms).
'not' becomes 'o' (I've seen this in other clues).
'waiting' becomes 'ff' (I can't justify this - if you can you should believe this answer much more).
'rake'+'o'+'ff'='RAKE-OFF'

'for' acts as a link.

Can you help me to learn more?

(Other definitions for rake-off that I've seen before include "(Unfair) share of the profits" , "Monetary share, dishonestly gained" , "Share of (criminal) profits" , "Commission on deal, often disreputable (colloq.)" , "(Illegal) commission" .)

I've seen this clue in The Globe and Mail.
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