Make a poor move and lose, though capturing pawn (7)

I believe the answer is:

misplay

'make a poor move' is the definition.
(to misplay is to make a bad move in a game)

'lose though capturing pawn' is the wordplay.
'lose' becomes 'mislay' (synonyms).
'though capturing' indicates putting letters inside (inserted letters are captured).
'pawn' becomes 'p'.
'mislay' placed around 'p' is 'MISPLAY'.

'and' acts as a link.

(Another definition for misplay that I've seen is " wrongly placed on the table?".)

I've seen this clue in The Independent.

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