smart money vs damages

smart money and damages both are nouns.

Word	Noun	Adjective	Verb	Adverb
smart money	Yes	No	No	No
damages	Yes	No	No	No

As nouns, damages is a hypernym of smart money; that is, damages is a word with a broader meaning than smart money:

smart money: (law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or willful misconduct)
damages: a sum of money paid in compensation for loss or injury

Other hypernyms of smart money include amends, indemnification, indemnity, redress, restitution.

smart money (noun)	damages (noun)
people who are highly experienced or who have inside information	a sum of money paid in compensation for loss or injury
money bet or invested by experienced gamblers or investors (especially if they have inside information)
(law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or willful misconduct)