The main difference in their usage as a verb is that you generally win a game or contest, while you defeat another person or team. If I compete against someone in chess and I win, I can say "I defeated him", but not "I won him". I can say "I won the chess game", but not "I defeated the chess game". The only way the second option might be possible is if you're playing against a computer, so the game and your opponent are the same thing.