[Verse 1: Dannii Minogue]
I don't wanna talk
About things we've gone through
Though it's hurting me
Now it's history
I've played all my cards
And that's what you've done too
Nothing more to say
No more ace to play

[Chorus: Dannii Minogue]
The winner takes it all
The loser's standing small
Beside the victory
That's her destiny

[Verse 2: Kylie Minogue]
I was in your arms
Thinking I belonged there
I figured it made sense
Building me a fence
Building me a home
Thinking I'd be strong there
But I was a fool
Playing by the rules
The gods may throw the dice
Their minds as cold as ice
And someone way down here
Loses someone dear
[Chorus: Kylie Minogue]
The winner takes it all
The loser has to fall
It's simple and it's plain
Why should I complain?

[Verse 3: Kylie Minogue]
But tell me, does she kiss
Like I used to kiss you?
Does it feel the same
When she calls your name?
Somewhere deep inside
You must know I miss you
But what can I say?
Rules must be obeyed

[Chorus: Kylie Minogue & Dannii Minogue]
The judges will decide
The likes of me abide
Spectators of the show
Always staying low
The game is on again
A lover or a friend
A big thing or a small
The winner takes it all
[Bridge: Kylie Minogue & Dannii Minogue]
I don't wanna talk if it makes you feel sad
And I understand, you've come to shake my hand
I apologize if it makes you feel bad
Seeing me so tense
No self-confidence
But you see...

[Chorus: Kylie Minogue & Dannii Minogue]
The winner takes it all
The winner takes it all
The winner takes it all
And the loser has to fall
Throw the dice
Cold as ice
Way down here
Someone dear
Takes it all
Has to fall