Gangsters wasted dosh and got nothing (5)
I believe the answer is:
hoods
'gangsters' is the definition.
(I've seen this before)
'wasted dosh and got nothing' is the wordplay.
I cannot quite understand how this works, but
'nothing' could be 'o' (O resembles 0) and 'o' is found within the answer.
an anagram of 'dosh' is 'hods' which is present in the remaining letters.
This accounts for all the letters.
This explanation may well be incorrect...
Can you help me to learn more?
(Other definitions for hoods that I've seen before include "They hide the head" , "US districts" , "gangsters" , "Headgear < for criminals" .)