Hound half of graduates lapped by runner (6)
I believe the answer is:
saluki
'hound' is the definition.
(Saluki is a breed of dog)
I can't explain the rest of the clue.
Can you help me to learn more?
(Other definitions for saluki that I've seen before include "Shown [AT CRUFTS]" , "Gazelle-hound" , "Tall breed of hound" , "Tall slender dog" , "it's silky and has bark" .)