Pronunciation: [kˈɔːl bˈɛts ˈɒf] (IPA) 
The phrase "call bets off" is spelled /kɔl bɛts ɔf/. The first word, "call," is spelled with a "c," "a," "l," and has the sound /kɔl/. The second word, "bets," is spelled with a "b," "e," "t," and "s," and has the sound /bɛts/. The final word, "off," is spelled with an "o," "f," and "f," and has the sound /ɔf/. The phrase means to cancel or withdraw bets.
"Call bets off" is an idiomatic expression that refers to the act of cancelling or revoking a previously made wager or bet. The phrase is commonly used in the context of informal betting or gambling situations.
When someone says they are calling bets off, it means they are retracting their initial commitment to participate in a wager or bet. This could occur for a variety of reasons, such as a change in circumstances, loss of interest, or newfound information that alters the perception of the bet's fairness or likelihood of success.
The term "call bets off" can also be employed metaphorically in non-gambling situations to indicate the abandonment or cancellation of a previously agreed-upon plan or arrangement.
In essence, "call bets off" suggests the withdrawal of one's willingness to proceed with a bet or agreement, effectively nullifying or negating any prior obligations. It serves as a verbal declaration that the individual no longer wishes to be bound by the terms of the bet or arrangement in question.
Overall, "call bets off" signifies the act of retracting or canceling bets or agreements, highlighting a change of mind or circumstances that render the initial commitment ineffective.
