Blackjack surrender is offered by some online casinos. This means that if you are dealt a hand that you do not like you are able to surrender and the game will come to an end and you will only loose half the bet that was placed on the table.
Blackjack Surrender is played as any other Blackjack Game. A full deck of 52 cards is used and the dealer and the player each receive two cards once the bets have been placed on the table. The players cards are both placed face up where as the dealers cards are placed one face up and one face down. Each card is then counted (Ace as eleven or one, two to nine taken at face value and ten, Jack, Queen and King as ten)
The player now has the opportunity to do the following with his/her hand. On a Blackjack (an Ace (11) and a ten, Jack, Queen and King (10)) the player will stand or opt for a double down, where a equivalent bet will be placed on the table. If any lower amount is received in the first two cards, the player can opt for a hit. If the player has two cards of the same value, the hand can be split, a second wager placed on the table and a hit taken on both hands or the player can stand.
This is when the surrender can take place. This is called an early surrender as the surrender happens even before the dealer has revealed his second card.
If this option is not taken at this stage, the dealer will then reveal the his/her second card. If the dealer has 17 he has to stand, but if he/she has 16 or lower they have to take a hit.
For both the player and the dealer, there is one rule that stands and that is if the value of the cards exceed 21, the one who has exceeds this amount will be bust and will forfeit the wager that was placed on the table.
There are a few times in which a game should be surrendered and that is when you have a 15, 16 or 17 and the dealer is showing an 9, 10 or a Ace then in all probability the dealer will have a higher total than you and the best option here is to surrender and only lose half your bet.