You have to defeat all 12 opponents. After defeating each opponent, you choose either points or a special round. The round choices are:

Car Crunch
Roaming Ninja
Count-up
1-2 Punch
Double
2 ball Multiball

There's also
Sagat Multiball - after completing barrels (2 ball)
Torpedo Multiball (3 ball - after spelling TORPEDO)

After defeating all 12 opponents you get to Champion Challenge which involves defeating all 12 opponents again before draining.

viperrwk

Just to expand on viperrwk's post.

Car crunch - hit the car far enough back to win. Timer get less and awarded more points (operator defined) each go. After the third time it cycles back i believe.

Roaming Ninja - 2 random flashing shots are lit, shoot for points. The shots 'roam'/change during the mode

Count up - random shot is lit. Score slowly advances, then rapidly advances near the end. Shoot to obtain

1-2 punch - shoot blanka then ken/ryu for extra ball ( points or replay can be set? Mines on extra atm)

Double - shoot red shots to obtain points, if all shots made in time, doubles the score.

Multiball, shoot flashing shots
Torpedo 3 ball multiball - all shots score points and is added as bonus at end of ball.

Any idea how to activate Sagat multiball? How to complete barrels?

Left ramp up (stargate rollover), shot strobing or lit amber, making shot removes barrel from Sagat display. Multiball begins when there are no more barrels.

viperrwk

Thanks!

I miss my SF2...Great game...I still say that Guile Shot is one of the hardest in pinball.

With that said I can't think of any other modes.

Wizard Mode is TOUGH! You have to complete all of the shots (Worth 5 Million a piece) on one ball. No Multiball...when you drain you start back at the beginning and now only 2 fighters will be lit, not 3.