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smart money is a noun meaning "money bet or invested by experienced gamblers or investors (especially if they have inside information)". It carries 3 recorded senses.
money bet or invested by experienced gamblers or investors (especially if they have inside information)
(law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or willful misconduct)
law
people who are highly experienced or who have inside information
“the smart money said Truman would lose the election”
Definitions, synonyms and semantic relations for smart money come from Princeton University’s WordNet. Commonness is measured against a corpus of everyday English. Full sources and licences.