Pronunciation: [lˈe͡ɪɪŋ mˈʌnɪ ˈɒn] (IPA) 
The correct spelling of the phrase "laying money on" is /ˈleɪɪŋ ˈmʌni ɒn/. The word "laying" is spelled with "a" and "y" to represent the "ɛɪ" diphthong sound, while "money" is spelled with an "o" and "e" to indicate the "ʌ" short vowel sound. The preposition "on" is spelled exactly as it sounds with the "ɒn" ending. When using this phrase, it means to place or bet money on something.
"Laying money on" is a colloquial phrase that refers to the act of placing a monetary wager or bet on a particular outcome, typically in the context of gambling or speculation. It describes the act of staking or risking one's money with the expectation of winning more, based on a specific prediction or outcome.
When someone says they are "laying money on" something, it implies their confidence or belief in the predicted result of an event, such as a sporting event, a card game, or any form of competition. It is often used in reference to the act of placing a bet with a bookmaker or participating in any form of gambling where stakes are involved.
The phrase "laying money on" involves a sense of anticipation and excitement, as well as a certain degree of risk. It conveys the idea that someone is willing to invest their money in the hope of gaining a profit, although there is also the possibility of losing the amount wagered.
Overall, "laying money on" encompasses the notion of taking a calculated risk, rooted in one's own judgment or belief, with the expectation of a favorable outcome that will result in an increase in the amount of money initially staked.
