In globetrotting, it involves hazard (3)
I believe the answer is:
bet
'hazard' is the definition.
(both can mean to gamble or risk)
'in globetrotting it' is the wordplay.
'in' indicates a hidden word.
'BET' is hidden in the letters of 'globetrotting it'.
'involves' acts as a link.
I am not very happy about this link. It may be part of another bit of the clue.
Can you help me to learn more?
(Other definitions for bet that I've seen before include "Speculation" , "'Stake, wager (3)'" , "Money risked on a gamble" , "Wager, or the sum waged" , "Wager, gamble" .)