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Unlike in cash games, players are not free to cash out or rebuy at any time. Sit and go entrants continue playing until they run out of chips. Prizes are awarded based on the position a player finishes the event. While the last man standing wins the entire sit and go, prizes are often awarded to players who outlast the rest of field: 1st place, 2nd place, 3rd place etc.

Sit and goes come in a variety of different styles with different rules and structures. Here is a short list of common structures -

Heads Up, 9-man, 180-man etc etc – Describes the number of entrants required before the sit and go begins.

Hyper, Turbo, Hyper-Turbo, regular, Deep – The exact meaning depends on the poker room, but these are references to the tournament structure. Turbo tournaments typically involve starting with relatively shallow stacks along with fast increases in the blind levels. Deep tournaments are the opposite; deep starting stacks and relatively slow increases in blind levels.

Double or Nothing – Half of the registrants double their buy-in amount while the other half walk away with nothing.