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.

Surrender is blackjack’s version of folding. It allows the player to bow out of the round. But unlike in poker, a player does not lose all of their bet for surrendering. In blackjack the player only loses half of their wager.

There are two types of surrender: early and late. In the early version the player can surrender before the dealer checks for blackjack. In the late version the dealer checks for blackjack first; only if he does not have a natural blackjack are players allowed to surrender. Early surrender favors players because it allows them out of the round even if the dealer has a blackjack.

According to basic strategy, the best times to surrender in blackjack are when you have a hard 15 against a dealer’s 10 and when you have a hard 16 against a dealer’s 9, 10 or Ace.

The reason these are the best times to surrender is because you have a difficult hand to do anything with and, the dealer has a strong starting point to either have a strong hand with his hole card or hit to build a strong hand. Your chances of winning with one of those hands against those dealer up cards is very small.

So given the ability to exit the round without losing all your wager—to surrender—is a better option that the more likely outcome, which is to lose and lose your entire wager too.

If you find a blackjack game, either an online blackjack game or one in a casino, that offers surrender play there. If you can find a blackjack game with early surrender do not walk away from that game.