Definition
Sports betting slang for when a player or team spectacularly fails to meet their projected performance, thereby destroying your parlay and your dreams. The term suggests intentional underperformance, though it's usually just bad luck and wishful thinking. It's what bettors yell at their TV when their 'sure thing' sits on the bench in the fourth quarter.
Example Usage
LeBron only scored 12 points and chalked everyone's parlay—Twitter is having a meltdown.
Source: Urban Dictionary (https://www.urbandictionary.com/define.php?term=chalked&defid=18596882)
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