Hand #2
You LOSE.
But you saved money!
Surrender IS the correct strategy in this situation. It costs you half a bet, but you will usually lose twice as much playing out the hand.
The dealer will bust only 21% of the time.
Your probability of hitting and busting is 62%. That's about how often the dealer will be sitting on a pat hand or blackjack.
If the casino does not allow surrender then hitting is the best strategy. You'll improve 38% of the time, and that's considerably higher than the 21% probability the dealer will bust. Sixteen is simply a horrible hand. Basic strategy can't win you money in the long run when this particular card combination is dealt, but it can certainly save you a few dollars. Surrender if you can.
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Review Blackjack Basic Strategy
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