Expectation because people where getting excited for it but then it didn't happen
Present participle would be 'clipping'. Perfect participle would be 'having clipped'. Therefore, the only option left is 'past participle'.
What is supposed to be answered?
The answer is “Our team played really badly.”
Using “real” in place of adverbs such as “very” or “really” is not grammatically correct. Just stick with “really”.
:)