Single table sit n goes are the fastest growing game in online poker. A standard sit n go consists of 9-10 players with the top 3 making the money. Recently, different forms of sit n goes have come into play. One new type is the shorthanded sit n go, where 5-6 players enter and the top 2 finishers make the money. Also, satellite sit n goes are becoming popular. In these sit n goes 9-10 players enter for a certain buy in, and the top finisher wins his/her way into a larger buy in tournament. Another common form of single table sit n goes are "step tournaments". In these, players start out at step 1, which may have a $5 buy in, and the top 2 finishers advance to a step 2 tournament, which may have a $25 buy in. There are usually around 4-5 steps before the final tournament, where cash prizes are awarded.
In sit n goes players enter the tournament for a fixed buy in. Besides the buy in, there is also a small tournament fee, which is usually 10% of the tournament buy in. This means that if you enter a $5.50 sit n go, $5 is going to the tournament prize pool, and $.50 is going to the poker site for hosting the tournament. It is similar to the rake of cash tables.
When the tournament begins the players are all given the same amount of "play chips" that they use to play in the tournament. The chips you have aren't real money, but you have to use them to try and outlast all of your opponents. When players get out that are in the money they are awarded their cash prize. In the most common form of single table sit n go, the 9-10 man, the top 3 finishers get paid with payouts as follows:
|1st Place Finisher
||50% of the prize pool
|2nd Place Finisher
||30% of the prize pool
|3rd Place Finisher
||20% of the prize pool
Some of the advantages of single table tournaments are as follows:
Single table sit n goes are very quick, because the blinds are continually raised. Usually blinds are increased every ten minutes, and as the tournament progresses an ante may be added as well. This puts pressure on everyone, as they are blinding away, so the tournament progresses quickly.
Sit n goes can be entered at anytime. They are literally running non-stop at just about every single online poker site. This means that as soon as you bust out of one sit n go, you can join another instantly. This feature attracts many weak players, as they want to play without waiting in line for a ring table, so experienced players can take advantage of them.
Another advantage is the fact that you aren't playing with chips that aren't real money. At a cash table you can lose all of the money you have at any time. In a sit n go however, you can only lose what the buy in was for the tournament. This reduces the variance for sng strategy.
Single table sit n goes are a great way to increase a skillful players bankroll. At the lower levels the players are almost all fish, so if you learn the proper strategy you can win consistently.
-- This article brought to you courtesy of CoinFlipPoker.com...thanks again for your valued advice and permission to post this.