The spelling of the phrase "being lot" may cause confusion for some individuals due to the pronunciation of the word "lot." In IPA phonetic transcription, the word "lot" is pronounced as /lɒt/. The use of the letter "o" followed by the letter "t" can lead one to believe that the pronunciation should be similar to the word "boat" (/bəʊt/). However, the correct pronunciation of "lot" is closer to "not" (/nɒt/). Therefore, "being lot" is pronounced as /ˈbiːɪŋ lɒt/.