Smart-money meaning

(games) Bets or a bet placed by experienced gamblers or those having privileged information.
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(law) Punitive damages.
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Money bet or invested by those in the best position to know what might be advantageous.
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Investors whose decisions about what products or sectors to invest in turn out to be correct. Everyone wants to invest where the smart money is.
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Experienced, well-informed investors, gamblers etc considered as a group.
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The money invested or bet by such people; by extension, the opinions of such people.

The smart money is on a half percent cut in the basic bank lending rates before the end of the week.

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Money paid as a compensation to a person injured.
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