1. Choose a topic: The group agrees on a topic to bet on. This could be anything from sports events, 🌛 political races, or even more trivial subjects like guessing the number of jelly beans in a jar.

2. Decide on the 🌛 amount to bet: Participants then decide on the imaginary "stake" for each bet. This amount can vary and should be 🌛 an amount that all participants are comfortable with.

3. Make predictions: Each participant makes their prediction or "bet" regarding the chosen 🌛 topic. For example, if the topic is a sports event, each participant might bet on the team they think will 🌛 win.

4. Keep track of the score: As the actual event unfolds, the group keeps track of who made the correct 🌛 predictions. The person with the most correct predictions at the end of the event is the winner.

5. Determine the reward: 🌛 The winner of the game receives a reward, which could be anything from bragging rights to a physical prize.