In a Dutch oven, add 3 tablespoons olive oil, followed by 2 pounds of ground beef with a big pinch of salt. Break the meat into small pieces using a meat chopper or wooden spoon. Cook until the beef is mostly browned, about 5 minutes.
Next add 3 tablespoons of tomato paste, the minced garlic, 1 - 1.5 tablespoons of chili powder, 1 - 1.5 tablespoons of smoked paprika, 1 - 1.5 tablespoons of cumin, 1 tablespoon of onion powder, 1 tablespoon of garlic powder, 1 tablespoon of oregano, ¼ - ½ teaspoon of black pepper, ¼ - ½ teaspoon of cayenne pepper, and ¼ - ½ teaspoon of red pepper flakes. Stir to prevent any burning, and cook for 3-5 minutes, until the tomato paste has deepened in color.
Now add the jalapeños, onions, and bell peppers with another large pinch of salt. Cook until the vegetables are beginning to soften, about 3 to 5 minutes.
Now, add in the diced tomatoes, followed by 1-2 teaspoons of Worcestershire sauce, 1 teaspoon of optional liquid smoke, and about 1 cup of beef broth to start. *We recommend adding about half of the beef broth, as the veggies will release liquid when they cook. You can always add more later. If you like a thinner consistency, add all of the beef broth.
Give the mixture a good stir, and adjust the seasonings to taste. Add in the bay leaves, then cover. Simmer for at least 30 minutes, but for as long as possible, stirring every so often to ensure nothing is sticking to the bottom of the Dutch oven. We like to simmer ours for about 2.5 hours.
When time to serve, adjust the seasonings and remove the bay leaves. Top with your favorite chili toppings, and enjoy!
Store in an airtight container in the fridge for up 5 days. To freeze, allow to cool completely, then freeze in an airtight container for up to 6 months. Thaw in the fridge for 24 hours, then add to a stockpot on the stove on medium-low heat to warm through. You can also reheat gently in the microwave.