Eventually novice blackjack players will come upon surrender. This is a play that is not always available in blackjack games, although it is available more often in blackjack games in brick and mortar casinos than it is in online blackjack.
Surrender is a blackjack play that should be a part of your blackjack strategy, ready in the wings should you find yourself in a blackjack game that allows for it. In a basic definition, surrender is when a player gives up half of their wager to give up playing out the round. It is similar to folding in poker, only your entire wager is not lost.
There are two types of surrender in blackjack: late and early.
Late surrender is only possible after the dealer has checked to see if he has a natural blackjack. If he does not, then players can surrender if they would like. But if the dealer does have a natural blackjack surrender then there is no surrender, and chances are you are going to lose the round. When made at advantageous moments, late surrender can hit the house’s edge for 0.08%.
On the other hand there is early surrender. This type of surrender differs from late surrender in that players can choose to surrender before the dealer checks to see if he has a natural blackjack. Even if he is showing an Ace and your hand is one that basic strategy says to surrender, you can still surrender and keep half of your wager. And you have the satisfaction of hitting the house edge for 0.6% as well.
And speaking of basic strategy and knowing when to surrender, those times are as follows:
Hard 15 versus a dealer 10
Hard 16 versus a dealer 9, 10 or Ace
The important thing to understand about surrender and your blackjack strategy is that you should only surrender when it is advantageous to do so. Surrendering just because you do not like the cards you have been dealt is not a reason to do so. Keep it in your blackjack strategy to only surrender when those four hands and dealer up card combinations are on the table.