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That's true. But no votes are lost in the election of a prime minister. People usually elect a party and the parties with the most votes in turn elect the prime minister (via various detours depending on the country). The prime minister is thus elected through a majority system: The party with the most votes usually provides the prime minister. Gerrymandering or something like that is therefore not necessary. In the U.S., however, the president is not elected by majority (how many votes a candidate got in total), but by electoral college, which votes according to how the majority in a state voted. This results in your vote being devalued if it does not match the majority in the state you live in. Here's the difference: if you voted for a party to represent you, your vote would be counted even if you were in the minority in your home state. Under an electoral college system, that's not the case: your vote is irrelevant if you're in the minority in your home state. I can't make sense of this other than on historical grounds: I think it used to be that elections would be held in a state and then a representative of the state, an electoral college, would ride into Washington and vote in the presidential election as the majority in the state from which he came. That doesn't seem contemporary to me.
While most states work that way, Maine and Nebraska are not winner-take-all and have split their votes more proportionally.
It makes more sense if you look at the United States as a group of individual entities with a Federal level that helps coordinate between them. It's more like the EU, and less like individual provinces.
Each state decides how to send its electors to vote for the president. Most of the states decided to send them as a winner take all batch of votes, but some decided to allow split votes.
It's not a perfect system by far, but it makes sense in the context of what it is.
That was the context at the start of the country, it's not really applicable anymore.