| Noun | 1. | smart money - money bet or invested by experienced gamblers or investors (especially if they have inside information) |
| 2. | smart money - (law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or willful misconduct) Synonyms: exemplary damages, punitive damages | |
| 3. | smart money - people who are highly experienced or who have inside information; "the smart money said Truman would lose the election" |