A revolutionary
new blackjack option called "Casino Surrender", which has
been creating a stir in Las Vegas since its debut at the Stardust
on The Strip last April, has the potential to become a standard feature
of the game everywhere it's played before too long if the early returns
are any indication.
Casino Surrender
is not to be confused with standard surrender, an option that some casinos
offer whereby the player can elect to forfeit half of his bet to the
house prior to the hand being played out if his two-card dealt hand
is in a statistical position of weakness against the dealer's up-card.
Nor is it to be
confused with blackjack carnival, or "gimmick", side bets
that pack an inordinate house advantage and are designed to be a constant
drain on the bankrolls of players who chase improbable side bonus payouts.
Here, in a nutshell,
is how Casino Surrender works: If you are holding a two-card 20 (10-10
or A-9) and the dealer is showing a 10-value up-card and has already
confirmed he doesn't have a blackjack (21), you can force the casino
to surrender and in return take your original bet back plus collect
from the house half its value in winnings.
For example, say
you have a $50 bet on the table and you elect to exercise the option.
Instead of playing out the hand and risk a "push" (win nothing),
or worse yet, watch the dealer pull to 21 (lose everything), you can
take your $50 bet back PLUS the dealer will pay you $25. It's a guaranteed
win without the gamble.
Casino Surrender
is the brain child of Frank Mugnolo, president and CEO of Casino Gaming
LLC of Bellwood, Illinois. A former CPA, he founded the company when
he realized the blackjack option he came up with and subsequently patented
was something both casinos and players would embrace.
"When I first
started studying whether or not this would be a viable option, I speculated
that players probably win 70 percent of the time when they're holding
a 20," Mugnolo said. "Then I had Gaming Laboratories International
(GLI) in Lakewood, New Jersey run a test and it revealed players stand
to win only 55.46 to 58.53 percent of the time. I looked at my dad and
said, 'We've got something here. I think we can make it work'."
Mugnolo put together
a marketing kit and sent it to the director of table games at the Stardust
Casino & Hotel in Las Vegas. Shortly thereafter came the good
news:
"He telephoned
me and said, 'Frank, I like this option. There's only one way to find
out if it works: Let's try it.' It debuted on April 22 of this year
at one table that was open only on weekends. Then it went to two tables,
then to a table open all the time. Now it's on over half of the blackjack
tables at the
Stardust and will eventually be on all of them. They're even planning
to have a Casino Surrender blackjack tournament early in 2006."
The beauty of Casino
Surrender is that it has appeal to all levels of blackjack players,
no matter how much you wager or no matter how skilled you are.
"Every bettor
has a price," Mugnolo claims. "There comes a time when, given
this option, you decide to take the guaranteed win. I saw a player take
it at the Stardust with a $3,000 wager in the betting circle. I also
saw a lady take it three times when she had a $2 bet. Why? The reason
is this simple: They won."
At the present time
the option is licensed in Nevada, Mississippi and Indiana and has been
placed on 70 tables in 12 casinos in less than eight months. In the
Midwest you can find the option at the Blue
Chip Casino & Hotel in Michigan City, Indiana.
The upside for casinos
is that since players statistically stand to win on 20 against a dealer
10 more often than they lose, they can get away with paying off 50 percent
on the bet instead of even money. Yet GLI ascertained that when an expert
player determines the count is plus four or higher, using the strategy
will increase the player's return by up to 0.2299 percent while the
house edge on the overall blackjack game will decrease to as low as
0.9862 and 0.9889 percent on six and eight deck games, respectively.
But there's value
for average players as well. Sure, it's a give-and-take proposition
between players and the house, but there's a lot to be said for eliminating
the gamble and replacing it with a guaranteed win under the right set
of circumstances.