smart money

Noun

• people who are highly experienced or who have inside information
  • the smart money said Truman would lose the election
    

• (law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or willful misconduct)

• money bet or invested by experienced gamblers or investors (especially if they have inside information)

Related words

• Synonyms: 
  punitive damages , exemplary damages