Definition of the smart money noun from the Oxford Advanced Learner's Dictionary

     

    the smart money

     noun
    noun
    BrE
     
    ; NAmE
     
    [uncountable]
     
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  1. 1money that is invested or bet by people who have expert knowledge It seems the smart money is no longer in insurance (= is no longer being invested in insurance companies). The smart money is on him for the best actor award.
  2. 2people who have expert knowledge of something The smart money says that he's likely to withdraw from the leadership campaign.
See the Oxford Advanced American Dictionary entry: the smart money