lose out

verb

1. To be at a disadvantage.

   “People who do not speak a second language find that they lose out when looking for a job.”

   “I think you will lose out on the exchange rate if you move to dollars now.”

2. To be defeated (by).

   “I went for a job interview, but I lost out to a younger guy.”

   “Chelsea had two players sent off and lost out to a Heidar Helguson penalty in a heated west London derby.”