1. Choose a topic: The group agrees on a topic to bet on. This could be anything from sports events, 7️⃣ political races, or even more trivial subjects like guessing the number of jelly beans in a jar.

2. Decide on the 7️⃣ amount to bet: Participants then decide on the imaginary "stake" for each bet. This amount can vary and should be 7️⃣ an amount that all participants are comfortable with.

3. Make predictions: Each participant makes their prediction or "bet" regarding the chosen 7️⃣ topic. For example, if the topic is a sports event, each participant might bet on the team they think will 7️⃣ win.

4. Keep track of the score: As the actual event unfolds, the group keeps track of who made the correct 7️⃣ predictions. The person with the most correct predictions at the end of the event is the winner.

5. Determine the reward: 7️⃣ The winner of the game receives a reward, which could be anything from bragging rights to a physical prize.