Hard boil the eggs, cool completely, and peel.

In a skillet or saucepan, combine beets (with juice), vinegar, sugar, water, and bay leaf.

Heat over medium heat until hot and the sugar dissolves (about 5–10 minutes).

Place peeled eggs into a large clean jar. Add the beets.

Carefully pour the hot beet mixture over the eggs until fully covered.

Let cool slightly, then cover and refrigerate.

Chill at least 12–24 hours before eating (2–3 days for the best color and flavor).