The spelling of the word "hazard of die" can be explained using IPA phonetic transcription. The word "hazard" is pronounced as /ˈhæzəd/, with the stress on the first syllable. The "z" in the middle of the word is pronounced as a voiced consonant, making a "z" sound. The word "of" is pronounced as /əv/ or /ʌv/, with the stress on the second syllable. Finally, the word "die" is pronounced as /daɪ/, with the stress on the first syllable and a diphthong sound.