The phrase "best loser wins" is somewhat paradoxical and not commonly used in a straightforward manner. In most competitive contexts, including sports, elections, and other competitions, the "loser" is the individual or team that did not win or secure the top position. Therefore, describing someone as the "best loser" may imply that they performed admirably despite not winning.

However, there are situations where the concept of being the "best loser" can be relevant. For example, in a tournament or competition with multiple rounds, there may be consolation prizes or recognition for the competitor who performed exceptionally well but did not take the top spot. This acknowledgment can serve as a form of consolation and recognition for their efforts.

In some political systems, there are also mechanisms such as proportional representation or reserved seats for minority candidates or political parties, where they may not win a majority but can still have a presence in a legislative body. In such cases, you could argue that the "best loser" in terms of vote share or representation still has a significant role to play in governance.

So, the interpretation of "best loser wins" largely depends on the context in which it's used. It can represent a form of recognition for outstanding performance without winning, but it can also be somewhat of an oxymoron since winning typically means being the opposite of a loser.