Has three points after the first round (4)
I believe the answer is:
owns
'has' is the definition.
('own' can be a synonym of 'have')
'three points after the first round' is the wordplay.
'three points' becomes 'WNS'.
'after' means one lot of letters go next to another.
'the first round' becomes 'o' (o is a circular letter. I am not sure about the 'first' bit.).
'wns' after 'o' is 'OWNS'.
Can you help me to learn more?
(Other definitions for owns that I've seen before include "Admits possession" , "Confesses" , "Possesses" , "Belongs to" , "Has possession of by right" .)