Crossword Genius

British way to raise funds that's really tight (6)

Ross

I believe the answer is:

blotto

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

'tight' is the definition.
(I know that tight can be written as blotto)

'british way to raise funds that's really' is the wordplay.
I cannot quite see how this works, but
'british' could be 'b' (abbreviation e.g. in 'BBC') and 'b' is located in the answer.
'to' is within the answer.
The remaining letters 'lot' is a valid word which might be clued in a way I don't understand.
This may be the basis of the clue (or it may be nonsense).

Can you help me to learn more?

(Other definitions for blotto that I've seen before include "Cockeyed drunk" , "Totally drunk" , "Boot Lt. out for being drunk" , "Drunken" , "Unconscious from drink" .)

I've seen this clue in The Irish Times.
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