smart money

(noun) money bet or invested by experienced gamblers or investors (especially if they have inside information). Synonyms: smart money.

(noun) (law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or willful misconduct). Synonyms: punitive damages, exemplary damages, smart money.

(noun) people who are highly experienced or who have inside information. Synonyms: smart money. Example: "The smart money said truman would lose the election."