Add the chopped bacon to a heavy bottomed soup pot, and cook (stirring, as needed) over medium heat until the bacon has crisped.
Add the ground beef into the pot, and cook (breaking up, and stirring often) until it's cooked through and properly crumbled.
Add the peppers, onion, and garlic to the pot. Mix until the veggies are evenly combined with the meats, and then continue cooking just until they've softened.
Season the mixture with the cumin, paprika, and chili powder- stirring to evenly combine. Continue cooking for another 1-2 minutes.
Stir in the ketchup, mustard, relish, & Worcestershire sauce until evenly combined. Now, stir in the tomatoes, beef broth, and beans until evenly combined.
Reduce the heat to medium low, and allow the cheeseburger chili to simmer, partially covered, for 25- 30 minutes. Don't forget to stir the chili occasionally, and if it looks liquidy at first- it will thicken as it cooks.
Ladle the hot chili into bowls, and serve them topped with your favorite chili/burger style toppings.