Betting odds for first woman with points (5)
I believe the answer is:
evens
'betting odds' is the definition.
(I've seen this before)
'first woman with points' is the wordplay.
'first woman' becomes 'Eve' (first woman in the bible).
'with' is a charade indicator (letters next to each other).
'points' becomes 'Ns' (N is an example).
'eve'+'ns'='EVENS'
'for' acts as a link.
(Other definitions for evens that I've seen before include "1-1" , "Odds offering equal chance of win or lose" , "less likely than 27 [ODDS-ON]" , "Half a chance" , "Balanced odds" .)