The most popular around here is what we call a two (or three if you want) drop loop bottom rig. You can buy them or make one yourself. It consists of a standing line with two loops that stand perpendicular to the line for the hooks and then is finished with another loop at the end a bank sinker. There are many variations of this, with beads, slides, swivels, etc.
A popular size hook for pan size fish is a #4 with a 3 ounce bank sinker on the end.