he had prepared a victory and a loser's speech for his contest

Workers' Party (WP) chief Low Thia Khiang was unsure if he was going to win the toughest battle of his political career.
He admitted that he had prepared a victory and a loser's speech for his contest in Aljunied GRC on the afternoon of 7 May, Polling Day.
Speaking to The Straits Times on Friday, Low said,

"I'm always prepared to lose and I prepared both speeches."