Crossword Genius

After a heady victory, the little beasts lose badly (5)

Ross

I believe the answer is:

voles

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

'after a heady victory the little beasts' is the definition.
I can't tell whether this defines the answer.

'lose badly' is the wordplay.
I cannot really understand how this works, but
an anagram of 'lose' is 'oles' which is present in the answer.
A single letter 'v' remains which might be clued in a way I don't understand.
This explanation may well be incorrect...

Can you help me to learn more?

(Another definition for voles that I've seen is " Mouse-like rodents found in fields and meadows".)

I've seen this clue in the Evening Standard.
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