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The Basics
Its simply a great game of 21.
Each player is dealt two cards and then offered the opportunity to take more. The hand with the highest total wins as long as it doesn't exceed 21.
A hand with a higher total than 21 is said to bust.
If both the player and the dealer have the same point value, it is called a "push", and neither player nor dealer wins or loses the hand.
Cards 2 through 10 are worth their face value, and face cards (jack, queen, king) are also worth 10. An ace's value is 11 unless this would cause the player to bust, in which case it is worth 1. A hand in which an ace's value is counted as 11 is called a soft hand, because it cannot be busted if the player draws another card.
The goal of each player is to beat the dealer by having the higher, unbusted hand. When a player busts he loses, even if the dealer also busts (therefore Blackjack favors the dealer).
Every player has an independent game with the dealer, so it is possible for the dealer to lose to one player, but still beat the other players in the same round.
For more details on strategy and card counting see
Wikipedia, Blackjack Rules, How Stuff Works - Blackjack
Where to play BlackJack
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