No, cannot do that.

Players who is playing the game cannot bet on anything, otherwise, there will be some potential match-fixing. Also, the origination who held the tournament are gonna to restricted any player who got caught betting on their match.

I'm sure, you will 100% lost.

The problem, there is no verified resource to check the (ELO) ratting of players who betting on the game. People who have higher ELO can smurfing on the game or maybe you play against higher ELO.

I'm sure you are gonna to lose, since (CHESS) are not by luck.