slowride, ignore the answer from capone1. He has no clue what he's talking about. Penetration has nothing to do with your question, and his statement that 95% of casinos deal 4-8 decks is equally irrelevant to your theoretical question.
Also, note that if you split and double, you WILL lose everything if the dealer hits out to a 21. A hit-out 21 is not the same as a "blackjack." A "blackjack" (also called a "natural" or "snapper") is a 21 formed from the initial two cards dealt (i.e., an Ace and a 10-value card). As pointed out, in most US casinos (but not all), the dealer will peek right away to see if she has a blackjack, and if she does, she would take your money before you could play out your split.
Further note: if you split AA and get a 10-value card, that does NOT count as a blackjack, because it was created AFTER a split, and a blackjack must be your INITIAL two cards. Same applies if you split TT and get an Ace--that's not a blackjack. (And splitting TT is not recommended.)