Place bet? Not if it's this accurate (2,3,4)
I believe the answer is:
on the nose
'accurate' is the definition.
Both the answer and definition are adjectives. Maybe there's an association between them I don't understand?
'place bet? not if it's' is the wordplay.
I cannot really understand how this works, but
an anagram of 'not' is 'ont' which is located in the answer.
'it' could be 'e' ('e' can mean 'electronic' which is similar to 'IT') and 'e' is found in the answer.
This explanation may well be incorrect...
'this' is the link.
Can you help me to learn more?
(Other definitions for on the nose that I've seen before include "just to take the first place" , "Exactly in America" , "(In race betting) to win only" , "Nasal kind of bet on horse to finish first - precisely" , "where glasses rest" .)