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A Sit & Go is a single table tournament, or STT for short, typically with 6, 8, 9 or 10 seater tables. The objective is to win the tournament by being the last remaining player. Each player buys into the STT for a fixed amount plus a small rake commission for the cardroom. The rake is normally around 10% of the buyin, so a $10 tournament would mean $1 rake.