Smart money

First, we will try to understand the market using a simplified model focusing on the psychological perspective of two major groups: the smart money players who are assumed to be driving the market, and the general, uninformed public.

If the smart money is so smart, why did it tell you what it's doing? If you're smart enough to know what the smart money thinks, then why aren't you keeping it a secret so you can cash in on it all by yourself?

The smart money is on a half percent cut in the basic bank lending rates before the end of the week.

Simple game theory tells us that a process of backward induction should, really, at some point, induce the smart money to get out. And were that to happen, investors really should be prepared to lose everything.

Although the Department for Transport (to its credit) wants the GBR legislation, Prime Minister Rishi Sunak does not. He doesn't see railways as a priority in the run-up to a General Election which the smart money says he will likely lose.

The reader may remember that Mr Allworthy gave Tom Jones a little horse, as a kind of smart-money for the punishment which he imagined he had suffered innocently.

September 30 1893, Charles Vane-Tempest-Stewart, 6th Marquess of Londonderry, "Empolyers' Liability Bill", quoted in The Parliamentary Debates it made was paid by employers to workmen employers liable for injuries resulting as smart money