If you play blackjack then you need to know the difference between early and late surrender. Then you need to know when you should take advantage of this opportunity to lessen the house edge by the casino. The option of surrendering seems like a good one when you have a 16 staring you in the face and the dealer is showing a face card. The casinos give you the option to give up half of your original bet total after they have seen their first two cards and the dealer’s up card and if the casino permits it’s blackjack players to surrender, then you need to take them up on this offer. 16 is an absolute garbage hand to hold in the game, especially when you are looking down the barrel at the dealer’s 10. The best bet is to give up half of your bet, but on the bright side you can think of it as getting back half of your wager from what would have been an almost sure loss. By taking advantage of the surrender you will save 0.069 percent in the house edge, which doesn’t sound like much but coupled with sound strategy can make this a great game to play.
A real general strategy would be to surrender against a ten whenever you have a 10-5, 9-6, 10-6, or 9-7, and against an ace or a 9 when you have a 10-6 or a 9-7. This will get you the most advantage gained over not having the chance to surrender.
Early surrender permits a player to relinquish half her wager even if the dealer has a blackjack. With late surrender, if the dealer possesses a blackjack, the player loses her complete bet.