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Sort of at risk, we participate in sport (5-3)

Ross

I believe the answer is:

water-ski

I'm a little stuck... Click here to teach me more about this clue!

'sport' is the definition.
(I've seen this before)

'sort of at risk we' is the wordplay.
'sort of' indicates anagramming the letters.
'at'+'risk'+'we'='atriskwe'
'atriskwe' with letters rearranged gives 'WATER-SKI'.

'participate in' acts as a link.
This may not be correct. Some or all of it may belong to another bit of the clue.

Can you help me to learn more?

(Other definitions for water-ski that I've seen before include "Aquatic sport accessory" , "Engage in aquatic sport" , "Get towed behind a motorboat" , "Item used in aquatic sport" , "To ride behind a speedboat" .)

I've seen this clue in The Guardian.
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