smart money

n 1: money bet or invested by experienced gamblers or investors

(especially if they have inside information)

2: (law) compensation in excess of actual damages (a form of

punishment awarded in cases of malicious or willful

misconduct) [syn: {punitive damages}, {exemplary damages}]

3: people who are highly experienced or who have inside

information; "the smart money said Truman would lose the

election"