The spelling of the phrase "betted ranch" may seem confusing at first, but it's important to understand the phonetic transcription of the word. The correct pronunciation is /ˈbɛt̬əd ræntʃ/. The word "betted" is the past tense of "bet," meaning to wager, and is pronounced with a double-t. Meanwhile, "ranch" is pronounced with a silent h, making the word sound like "ranch" rather than "ranch-h." Together, the phrase refers to a ranch that has been bet on, perhaps in a gambling context.