The word "olympic" is often misspelled as "olymic". This mistake may be due to the similarity between the sounds of the letters "m" and "p". In IPA phonetic transcription, "olympic" is pronounced as /əˈlɪmpɪk/. The first syllable -"oly" is pronounced with the schwa sound /ə/, followed by a clear /l/ sound. The second syllable -"mpic" starts with the consonant cluster /mp/, which is a combination of the nasal consonant /m/ and the plosive /p/. The vowel sound that follows is /ɪ/, followed by a final /k/ sound.
The word "olymic" appears to be a misspelling or a derivative of the term "Olympic". The etymology of the word "Olympic" can be traced back to the ancient Greek city of Olympia where the Olympic Games were held in classical times. The Greek word "Olympiakos" (Ολυμπιακός) means "of Olympia" or "belonging to Olympia". The English word "Olympic" emerged in the 16th century as a reference to the ancient games and later gained prominence to describe the modern Olympic Games, which were revived in 1896.