Thank heaven The Merriam Webster online dictionary has a pronunciation button available with their listings!!
It's a great resource for checking correct pronunciation.
http://www.merriam-webster.com/
And getting back to the OP's original question, they do have the correct definition and pronunciation of bailey. http://www.merriam-webster.com/dictionary/bailey

http://www.merriam-webster.com/
And getting back to the OP's original question, they do have the correct definition and pronunciation of bailey. http://www.merriam-webster.com/dictionary/bailey