Cryptic crossword clue
Take risks to manage punishment 3,2,4

The most common and most likely answer to this crossword clue is the 3 plus 2 plus 4 letter word CUT IT FINE

I've seen this crossword clue in The Times
C
U
T
I
T
F
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N
E

Buddy explains!

The straight part
We know that "Take risks" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case take risks = cut it fine.
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.

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