Modest bet (7)

I believe the answer is:

flutter

'modest bet' is the definition.
(flutter can mean a small bet)

This is all the clue.

(Other definitions for flutter that I've seen before include "Bat" , "Small bet; beat feebly" , "Fly unsteadily; small bet" , "Move one's eyelashes - move like a butterfly - bet" , "Informally a slight gamble as on a horse" .)

I've seen this clue in The Guardian.

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