How do I solve 25 down in Daily Telegraph Cryptic 31234?

Question

Accepted Answer

25 down reads "Reportedly bet against" (4 letters); the answer is ANTI. It's a homophone clue: the answer sounds like another word. Indicators like 'reportedly', 'we hear', or 'sounds like' point to a word that's pronounced similarly to the answer. The full step-by-step breakdown is on this page.

Reportedly bet against (4)

25D — Reportedly bet against (4) — ANTI