2 out of 3 and a single toss ends up about the same.
a single toss, each side has a 50/50 chance of winning.
when there are 2 people, with 3 tosses, each one has a 50 percent chance of winning. (this continues no matter how many times, as long as you use an odd number 3 out of 5, 4 out of 7, etc
) There are more variations with more flips, sometimes winning 5 of 5 instead of just 3 of 5, but the chance of winning at least 3 is still roughly 50%.
for the math.
With 3 rolls there are four possible outcomes. with the following ways of them happening
0 of the tosses 1 way this can happen (lose lose lose)
1 of the tosses 3 ways (win lose lose, lose win lose, lose lose win)
2 of the tosses 3 ways (win win lose, win lose win, lose win win)
3 of the tosses 1 (win win win)
4 ways you can win overall, 4 ways you can lose overall. So a 50% chance.
Even numbers are slightly different, winning 2 out of 4, there are some cases where each side could win exactly twice – if that results in a roll off then the odds go back to 50%, if not then the tie has to be accounted for so each persons odds gets closer and closer to 50% (without ever actually making it to 50%) the more times you roll.