fordem, good advice.
As for using these 4" wide straps, yes, we've got a decent collection of the 4" wide straps, that we've had sewn folded over and back (i.e. a 2" wide loop on the ends). They work good for lots of things, they make a great general purpose/utility strap. When you find them on the side of the road, well the expression "cheap is good, free is better" applies here. It only costs us a 6-pack of beer/soda to have a shop stitch them up for us, we usually take in a few at a time.
However, we've never used it for, say, recovery straps (jerking someone out of a hole). Only as a tow strap.
Like fordem said, a standard tow strap (the "not-stretchy" kind) should ALWAYS have the slack EASED out, then pulled. Just like you would do with a chain (because chains don't stretch).
NEVER jerked, unless you're extremely brave/invincible and/or have a bulletproof back window for when the chain/strap breaks.