Sense victory as oldest boat is beaten (5,5)

I believe the answer is:

taste blood

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'sense victory' is the definition.
I know nothing about this answer so I cannot judge whether it can be defined by this definition.

'oldest boat is beaten' is the wordplay.
'is beaten' is an anagram indicator (letters beaten up or destroyed).
'oldest'+'boat'='oldestboat'
'oldestboat' anagrammed gives 'TASTE BLOOD'.

'as' acts as a link.

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

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