Alexander, you are correct. On a balanced load. You will find that config on every rigging manual. There will always be a caveat that "more turns may be used". I have been taught that you do 2 or 3 wraps (3 being preferred) before choking the lift. You will find that it cannot slip with 3 even on teflon, even on one end, at any load. the frictional force on the load is proportional to the number of degrees of bending of the straps, cubed. The lifting strap always breaks before the load slips when 3 wraps are used. This configuration is commonly used to hoist tree sized logs by one end when doing logging.
Dangerous lifts, such as high lifts and very heavy objects, are always lifted this way.
I am adding this because using a single turn choke puts the steady person at a (small) risk, which can be avoided by rigging it in this alternative way. (and because the question was asked)