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1.
To be beaten very badly at something, especially in such a fashion that you were behind from the start and never had a chance. Comes from the Boat Race, an annual rowing competition between Oxford and Cambridge, in which the first side to get ahead can move to the middle of the river (where the current is fastest) and is almost never overtaken thereafter.
"Chicago got boat raced by Green Bay, 37-3."
by kinnopio January 05, 2009
 
2.
to be badly beaten at something
"How did the baseball game go?" "We got boat raced." "It was 15 to 0"
by Kevin Dalingo May 03, 2006
 
3.
Beaten badly from start to finish in a contest.
Man, the Colorado Rockies got boatraced in this year's World Series.
by Snackfood February 03, 2008