In joint possession of punt, we went naked (7)

I believe the answer is:

between

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'in joint possession of punt we went naked' is the definition.
I can't judge whether this definition defines the answer.

'punt we went naked' is the wordplay.
'punt' becomes 'bet' (punt can mean a bet).
'naked' says to take the centre (outside letters removed so centre is unclothed).
The centre of 'went' is 'en'.
'bet'+'we'+'en'='BETWEEN'

Can you help me to learn more?

(Other definitions for between that I've seen before include "In the intervening space" , "Been wet (anag.)" , "Flanked" , "Amongst" , "needle, not the smallest"" .)

I've seen this clue in The Independent.

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