[quote=@Torack]
At the question, he looked over at Eldon then in his coin pouch. "My bets on the dwarf," he said. "Stout creatures those. Powerful lot." But just as he said it he watched the half-elf win the fight. Belgrax stared for a moment uncomprehending before he reached down into his coin purse muttering a string of curses in Draconic about nobles and ill luck. "There's your money," he said and stamped the human as he would a cane, hearing a cry of pain from the man.
[/quote]

While the dwarf might have lost the 1st fight, round 2 started shortly afterwards and that's the fight Eldon is betting on. So if Belgrax were to take Eldon's bet there is a chance he could win if our DM decides the dwarf beats the half-elf this time around.