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A loser's speech does not need to be long and elabourate. Simply stating that you enjoyed the competition and congratuling the winner is enough.

You could say something like this:

It was a pleasure being in this competion with as formiable an opponet as (name of opponent). He challenged me to my greatest abilities and now I wish to congratulate (name of opponent) on his win.

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11y ago

What else can I help you with?