Gather all the ingredients, and let's start the best damn chili recipe.
Heat olive oil in a pan over medium heat. Add the onion, peppers, and garlic. Cook, stirring occasionally, until the vegetables are soft.
Heat a skillet over medium-high heat. Add the ground beef and cook for about 7 minutes, or until browned.
Season the meat with garlic powder, bouillon cubes, and Worcestershire sauce. Pour in the beer.
Continue cooking the beef for about 3 more minutes, scraping up the browned bits from the bottom of the pan.
Stir the cooked beef into the peppers.
Add the tomatoes, tomato paste, and white wine. Season with pepper sauce, salt, pepper, paprika, chili powder, cumin, brown sugar, oregano, and basil.
Bring the chili to a boil, then reduce the heat to medium-low. Cover and let it simmer for about 90 minutes, stirring occasionally.
Stir in the beans and continue simmering for 30 more minutes.
Blend the sour cream, cilantro, and cumin in a food processor until smooth.
Serve the best damn chili with the sour cream mixture and enjoy!