Crossword Genius

Betting group starts targeting operations that eventually … (4)

Ross

I believe the answer is:

tote

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'betting group' is the definition.
I can't tell whether this definition defines the answer.

'starts targeting operations that eventually' is the wordplay.
'starts' says to take the initial letters.
The first letters of 'targeting operations that eventually' is 'TOTE'.

Can you help me to learn more?

(Other definitions for tote that I've seen before include "Large bag" , "Capacious bag or basket" , "It takes bets for horse races" , "Form of betting: carry" , "record of stakeholders' investments" .)

I've seen this clue in The Guardian.
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