Marinate beef with onion, carrot, and red wine. Refrigerate for 12 hours.
Heat vegetable oil in a pan. Sear beef on both sides for 6 minutes on medium-high heat. Repeat if needed.
Add bacon, onion, carrot, butter, mushrooms, small onions, and garlic. Cook for 7 minutes.
Stir in flour, then add hot water, red wine, tomato paste, salt, black pepper, thyme, and bay leaves. Cook for 8 minutes.
Transfer mixture to an oven-safe dish. Bake for 60 minutes at 180°C (350°F).
Bake for an additional 30 minutes at 180°C (350°F).
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