Danger in chancy operation offering meat (7)
I believe the answer is:
brisket
'meat' is the definition.
(I know that brisket is a type of meat)
'danger in chancy operation' is the wordplay.
'danger' becomes 'risk' (risk is a kind of danger).
'in' is an insertion indicator.
'chancy operation' becomes 'bet' (I am not sure about this - if you are sure you should believe this answer much more).
'risk' going inside 'bet' is 'BRISKET'.
'offering' is the link.
Can you help me to learn more?
(Other definitions for brisket that I've seen before include "Breast of four-legged animal" , "Risk bet on a strange cut of meat" , "Meat from a cow's chest" , "joint of meat" , "Meat cut from the breast of a cow" .)