Since we discussed surrender as a part of your blackjack strategy this morning, I figured it might be beneficial to go over the two types of surrender that you are bound to come across: late surrender and early surrender.
The basic concept of surrender is to exit the round at the cost of half of your wager.
Late surrender is the variety that only allows you to bow out of the round after the dealer has checked to see if he has blackjack. This is the surrender variety that has the smaller impact on the house edge because the dealer is allowed to check first. And if he does have a natural blackjack, guess what