Crossword Genius

Bet on vessel (4)

Ross

I believe the answer is:

punt

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This clue could be a double definition.

'bet on' is the first definition.
(synonyms)

'vessel' is the second definition.
Although both the answer and definition are singular nouns, I cannot understand how one could define the other.

Can you help me to learn more?

(Other definitions for punt that I've seen before include "gambling" , "Riverboat" , "Flat boat for Irish money" , "Kick -- bet -- boat" , "pound in Ireland" .)

I've seen this clue in The Mirror.
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