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Discover Ludwig"lost out on" is correct and usable in written English.
You can use it to describe missing out on something, for example: I was disappointed to have lost out on the job opportunity.
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"I thought I had a goalkeeper but we lost out on that one.
Her clients wound up with four bidders, including ones who lost out on the neighboring apartment.
We lost out on that networking".
He had lost out on his hometown team.
In 1983, Hadwin lost out on a major promotion.
North title but lost out on a first-round bye.
They lost out on LeBron James but snared Amar'e Stoudemire.
Tsai narrowly lost out on the presidency four years ago.
Only seven DGA winners have lost out on the award.
Pharrell Williams lost out on best male to Justin Bieber.
Britain lost out on looser exchange rates, and its imperial trade preferences were doomed.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com