Not even a fight
This isn't a fight, it is vivisection as entertainment.
Now we know why it is often called "badger drawing" instead of badger-baiting.
Drawing like in "drawn and quartered" - and no that doesn't mean they draw a picture of you and give you a free room. It is an extinct torture to death punishment.
Note also, that this is a bull terrier, not the regular variety of bulldog or pit bull.
Also note the dude biting the dogs tail. This is shown in a number of animal baiting paintings and drawings.
This is one of a series on wikipedia: