Money bet or invested by experienced gamblers or investors (especially if they have inside information).

Roget 973: reward, recompense, remuneration, meed, guerdon^†, reguerdon^†; price.    [payment for damage or debt] indemnity, indemnification; quittance; compensation; reparation, redress, satisfaction; reckoning, acknowledgment, requital, amends, sop; atonement, retribution; consideration, return, quid pro quo.    salvage, perquisite; vail etc. (donation) 784^†.    douceur [Fr.], bribe; hush money, smart money^†; blackmail, extortion; carcelage^†; solatium^†.    allowance, salary, stipend, wages, compensation; pay, payment; emolument; tribute; batta^†, shot, scot; bonus, premium, tip; fee, honorarium; hire; dasturi^†, dustoori^†; mileage.    crown etc. (decoration of honor) 877.    ... show more

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

synonyms: exemplary damages, punitive damages.

People who are highly experienced or who have inside information.