Untreated wood a poor bargain (3,4)

I believe the answer is:

raw deal

I believe this is a double definition.

'untreated wood' is the first definition.
(I've seen this before)

'a poor bargain' is the second definition.
(I've seen this before)

(Other definitions for raw deal that I've seen before include "Unfair arrangement" , "'Harsh, unfair treatment (3,4)'" , "Untreated wood" , "Unjust arrangement" , "Unjust payoff" .)

I've seen this clue in The Times.

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