Revolutionary gambles about royal paratroopers (3,6)

I believe the answer is:

red berets

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'paratroopers' is the definition.
I know nothing about this answer so I cannot judge whether this works.

'revolutionary gambles about royal' is the wordplay.
'revolutionary' becomes 'red' (red can informally mean communist).
'gambles' becomes 'bets' (bet is a kind of gamble).
'about' means one lot of letters goes inside another.
'royal' becomes 'er' (abbreviation for Elizabeth Regina).
'bets' enclosing 'er' is 'berets'.
'red'+'berets'='RED BERETS'

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I've seen this clue in the Sydney Morning Herald.

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