Crossword Genius

Stage production where everything is in hazard (6)

Ross

I believe the answer is:

ballet

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

'stage production' is the definition.
The definition and answer can be both acts as well as being singular nouns.
Perhaps you can see a link between them that I can't see?

'everything is in hazard' is the wordplay.
'everything' becomes 'all' (I've seen this before).
'is in' means one lot of letters goes inside another.
'hazard' becomes 'bet' (I can't explain this - if you can you should believe this answer much more).
'all' going into 'bet' is 'BALLET'.

'where' acts as a link.

Can you help me to learn more?

(Other definitions for ballet that I've seen before include "kind of skirt" , "The Nutcracker or Giselle, say" , "Theatrical dance" , "The theatre of dance" , "eg Giselle" .)

I've seen this clue in the Evening Standard.
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