Man wants people to look up to him but not to look down or look away. It shows that one is not afraid of losing, or is not concerned about the opinions of others.
Participation helps you to showcase your talent in front of everyone. Sometimes the opportunities given are so big that you might achieve your professional or educational goals.
Participation increases our confidence level and helps you to know yourself in a better way. The whole struggle which you do to win something is also very important.
Winning is synonymous to being the best. It means that he has a strong sense of his self image, that whether losing or winning does not affect how he would feel or think about himself.
You should be ready to face all kinds of challenges and hurdles which come in your way.