What is smart money?

What is smart money? Here are some definitions.

Noun Experienced, well-informed investors, gamblers etc considered as a group. The money invested or bet by such people; by extension, the opinions of such people. Money paid by a person to buy himself off from some unpleasant engagement or some painful situation. (military, historical) Money allowed to soldiers or sailors, in the English service, for wounds and injuries received; also, a sum paid by a recruit, previous to being sworn in, to procure his release from service. (law) Vindictive or exemplary damages; damages beyond a full compensation for the actual injury done. Find more words! 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What is the plural of smart money? Nearby Definitions smartmodems smartmodem smart meters smart meter smartly smartlings smart-money smartmouth smartmouthed smartmouthing smartmouths smartness