After a bit of a break we’re now going to return to the player favorable blackjack rules.
Have you ever been in a game and the round hasn’t played out the way you would have liked it to? You just wish that you could’ve backed out of the round somehow.
If you were playing in a game that allows for late surrender then you could have.
Late surrender allows you to quit the round after seeing the dealer’s hole card for the cost of half of your wager. Let’s say you had bet $20 and then decided to make a late surrender. You would only lose $10 rather than the whole $20.
The only time you can’t make a late surrender is if the dealer turns out to have a natural blackjack. Automatic loss then.
But late surrender can come in handy for the approximate 43% of the time that you are dealt a stiff hand. If you’re dealt a stiff hand, make your play, and then feel that you don’t have a decent shot at winning after the dealer’s hole card is revealed, you can still surrender. This comes in handy with stiff hands because you tend lose more of those hands than win. Late surrender will help to minimalize your losses in those cases.
And because of that advantage you have in being able to bow out of the round, the house edge is lowered by 0.08%. But you must play it correctly. And that means abiding by basic strategy.
A good basic strategy chart will tell you when to surrender if the option is available. Most charts will tell you that the best time to surrender is when you have a hard 15 and are facing a dealer up card of 10. The other best times to make a late surrender is when you have a hard sixteen and the dealer’s up card is a 9, 10 or an Ace.
Keep an eye open for Player Favorable Blackjack Rules–Part VII