Well that depends on how close they are. Dwarves are excellent sprinters, and in melee Legolas is dead. The Dwarves were also the best damage taking race of all, their skin was created as hard as rock. If a berserker Uruk-Hai could take 2 of Legolas arrows and still continue without being slowed down I think Gimli could at least take 3. Dwarves are also faster runners than humans, on a ranger shorter than 15 meters he would be beside him in no time at all.
But I still think Legolas winning is more likley.
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This is kinda tough to decide. Dwarves are natural sprinters, and if he can reach Legolas in time, he would lope off his head (that is if Legolas just stands there trying to shoot through Gimli's armor). However, Legolas might be able to shoot an arrow, run, shoot an arrow, run.... etc. he might win in that case.
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Well, as several have pointed out, I agree that Legolas would win, and to be honest, I'm not a big Legolas fan. But he's smart enough to start with some distance and might just shook Gimli.
even in combat gimli is slow with his axe and legolas could easily dodge and get him with his knife. and if theres a distance between them gimli is dead.
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Dwarves or not natural sprinters. The only reason you say that is because Gimli said it. Gimli said it because an elf was leaving him in the dust and Gimli didn't like that. Legolas has duel swords that he can wield pretty well as shown in the Two Towers and Legolas (in the movie) took down a Mumakil which Gimli could only dream of doing.
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Gimli could have taken down that Mumakil if he wanted to, he just didn't want to ocmpletely out do LEgolas, which he did anyway. In the battle for Helmds Deep Gimli owned Lego-lamb in kill count.