City adventure, ignoring odds — love it! (7)
I believe the answer is:
detroit
'city' is the definition.
(Detroit is an example)
'adventure ignoring odds love it' is the wordplay.
'ignoring odds' means one should take alternating letters (the odd-numbered letters are removed).
'love' becomes 'o' (In tennis, 'love' means 'zero').
The alternate letters of 'adventure' are 'detr'.
'detr'+'o'+'it'='DETROIT'
(Other definitions for detroit that I've seen before include "Origin of Motown" , "Motown, Mich." , "US city associated with automobile production" , "Michigan car city" , "City in Michigan known for motor industry" .)