The contestant will sit in the titular “Hot Seat” and be shown five small prizes, each with a price. The contestant has 35 seconds to hit a red button if the price is higher (hot) or a blue button if it’s lower (cold) than the prices shown. The Hot Seat will move the player down the line behind each item. After locking in all five guesses or running out of time, whichever comes first, the contestant is told that all the correct guesses will be revealed first before any incorrect guesses, but in no particular order otherwise. The Hot Seat moves to each item one at a time to reveal its price. Each correct guess moves that contestant to the next prize on the ladder ($500, $2,500, $5,000, $10,000 and $20,000). The contestant can walk away with their winnings at any time because if an incorrect guess is revealed and the contestant is still in, the game ends and all cash accumulated is lost, but the contestant gets to keep any of the small prizes won up to that point.
- Hot Seat debuted on September 23, 2016 (#7615K) and was won. It has been on a losing streak since then.
- On October 5, 2016 (#7633K), the game's second playing, Gaila Pinkston-Phillips, the third contestant called to come on down, had to decide whether or not to go on before the next item was revealed, opting to bail out with $5,000 on the third level. Had she kept going, she would have had a shot at the big one. She had everything else correct and blew a chance at $20,000. Even though this was taped prior to the "premiere" episode, it did not become the usual format.
- On October 27, 2016 (#7664K), as part of "Big Money Week," the top prize was $100,000 with the other prizes on the ladder worth $2,500, $5,000, $10,000 and $25,000. Next time, the top prize will be $200,000 and the other prizes on the ladder worth $5,000, $25,000, $50,000 and $100,000.
- On November 1, 2016 (#7672K), the game experienced its first complete loss. On that playing, the losing horns were not played.
- Hot Seat is one of only two pricing games where none of the show's models are involved (Grand Game being the other).
- On November 21, 2016 (#7701K), as a part of "Chef's Week," the contestant bailed out with $10,000. In addition, Hot Seat's actual retail prices have "Higher" or "Lower" printed beneath them, similar to that of Bonus Game. The pictures seen below are there for full proof.
- On December 16, 2016 (#7725K), February 2, 2017 (#7794K), February 28, 2017 (#7832K), April 26, 2017 (#7913K) and May 24, 2017 (7955K), a contestant bailed out with $5,000.
- On December 30, 2016 (#7745K), the game experienced its second loss.
- On January 16, 2017 (#7771K), the contestant bailed out with $10,000. Had she kept going, she would have had a shot at the big one. She had everything correct and blew a chance at $20,000.
- On May 9, 2017 (#7932K), the game experienced its third loss.
- Hot Seat is one of three pricing games that can not be played earlier than third (Rat Race and Time is Money being the other two); this is to allow time for the game to start up.