The most common and most likely answer to this crossword clue is the 4 plus 4 letter word WIDE OPEN
I've seen this crossword clue in The Daily Telegraph
W
I
D
E
O
P
E
N
Buddy explains!
The straight part
We know that "Exposed to attack/with an uncertain outcome" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case exposed to attack/with an uncertain outcome = wide open.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.