Final answer:
Usually, winning a competition results in being awarded a gold medal, which is a tradition in events like the Olympic Games, with silver for second and bronze for third place.
Step-by-step explanation:
If you win the competition, the color of the medal you receive typically depends on the type of competition and the tradition it follows. In many competitions, particularly international athletic events such as the Olympic Games, the highest honor is represented by a gold medal. This tradition began at the end of the 19th century and continues to be a symbol of first place, with silver typically awarded for second place, and bronze for third.