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Difference between In the money and On the money

in the money—(coll.)

1. having plenty of money:

  • Being in the money at the moment, I said that of course I’d lend her any reasonable amount.

2. said of winners in a competition providing winnings money to bettors:

  • After the first race, two of my horses were in the money.

on the money—(coll.)

1. exactly as desired:

  • When you ensure information flows between your sales and marketing teams, the resulting marketing campaigns will be right on the money.

2. totally correct:

  • I share them [ideas] with anyone who is interested and I add my predictions—some will be on the money and some will be way off base.