Level betting for the first woman to get two points (5)
I believe the answer is:
evens
'level betting' is the definition.
(I've seen this before)
'first woman to get two points' is the wordplay.
'two points' means two substitutions for 'point'.
'first woman' becomes 'Eve' (first woman in the bible).
'to get' says to put letters next to each other.
'point' becomes 'N' (North).
'point' becomes 's' (South).
'eve'+'n'+'s'='EVENS'
'for the' is the link.
(Other definitions for evens that I've seen before include "Price" , "Makes equal" , "Chances" , "50:50 probability" , "Half a chance" .)