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  1. [noun] money bet or invested by experienced gamblers or investors (especially if they have inside information)

  2. [noun] (law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or willful misconduct)
    Synonyms: punitive damages, exemplary damages

  3. [noun] people who are highly experienced or who have inside information; "the smart money said Truman would lose the election"


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