Sit & Gos
A Sit & Go tournament in bitcoin poker is one which begins as soon as enough players register. That could be two players, nine, 180 or more.
Some of the most appealing aspects of Sit & Go poker are:
You know exactly how many opponents you’ll face
You know the prize payouts in advance
You can predict the approximate length of the tournament
For these reasons, low-stakes, single-table Sit & Gos are a great starting point for new players.
MTTs
Multi-table tournaments or MTTs make up most of the tournament options in the poker lobby. They’re pretty similar to Sit & Gos but, instead of beginning when X amount of players register, they start at a certain time.
MTTs can carry massive guarantees of seven or eight figures. This means they can attract a huge number of players. It’s not uncommon to have hundreds or even thousands of players in an MTT.
Once you join an MTT, you play until you’re eliminated. In you finish in the top 15-20%, you’ll usually win a cash prize.
Cash Games
Cash games might look similar to Sit & Gos and MTTs, but they’re entirely different. In a cash game, you can sit down or leave whenever you please. There’s no start time or minimum threshold to meet, and there are no payouts.
Instead, each chip has a cash value. Every time you bet, you’re betting actual money. If two players each bet $5 (₹420) on each street (Pre-flop, flop, turn and river), that’s a $40 (₹3,362) pot which goes to the winner, minus rake.
Although cash games can seem exciting and instantly gratifying, it’s better to stick to Sit & Gos or MTTs if you’re new to poker. If you do play cash, start off at lower stakes like the $0.01/$0.02 (₹0.84/₹1.68) tables.