A Best-Bet group’s settings include its ID, name, description. Once a group is created, you can no longer change its ID, but you can edit its name and description at any site level as follows:
1. Go to the Best Bets page for the site level at which you want to edit the Best-Bet group as described above under “Creating a New Best-Bet Group”.
2. Click on the target group name and select Edit Group from the action menu. A pop-up dialog for editing the group opens.
Make the following settings:
Name: Enter a name for the group as it should be presented on the Best Bets page.
Description: Enter a short description for the group. This will help remind yourself and other administrators about the intended purpose of the group.
3. Click OK to close the Edit Best Bet Group window and store your settings.
Note that if you edit the name and/or description of an inherited Best-Bet group, then your settings will apply at the current site level (and below) only. Furthermore, these settings will no longer track changes made at higher levels in the SharePoint hierarchy.