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What is a toss-up?

What is a toss-up? Here are some definitions.

Noun
  1. (idiomatic) A decision in which neither choice is clearly favorable or unfavorable, or for which the outcome does not matter.
  2. Either of two outcomes that are equally likely.
  3. The toss of a coin used to decide some issue.
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Examples
There was a silence as the great comedian thought it over, the implication being that it was a toss-up between his life and his beloved money.
It was a toss-up, Sport decided, as to who looked more surprised, Cochise or Joe.
Although the Swiftech solution won the majority of the benchmarks, it is really a toss-up when you look closely at the numbers.
Until 1997, leadership of the in vitro diagnostics sector of the medical device industry was pretty much a toss-up.
Whether this is a result of poor writing or poor acting is a toss-up, but let's be generous and blame both.
Clearly, for longer-term investors, it's been a toss-up between the blue chips and mid-caps, with the latter winning out in recent years.

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