Crossword Genius

Is everyone betting on its making money for the Indian restaurant? (3,9)

Ross

I believe the answer is:

hot favourite

I'm a little stuck... Click here to teach me more about this clue!

'is everyone betting' is the definition.
I don't know anything about this answer so I cannot judge whether this works.

'on its making money for the indian restaurant?' is the wordplay.
I cannot quite see how this works, but
'its' could be 'it' (I've seen this in other clues) and 'it' is found within the answer.
'on' could be 're' ('on' can be mean 'with reference to') and 're' is found within the leftover letters.
'the' could be 't' (the is pronounced as a 't' sound in some dialects) and 't' is found within the answer.
This explanation may well be incorrect...

Can you help me to learn more?

(Other definitions for hot favourite that I've seen before include "Expected winner" , "Tipped winner" , "Near certainty" .)

I've seen this clue in the Evening Standard.
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