I am reading Wilkie Collins' The Moonstone, and a prominent character in the story has the name of Betteredge. My question is (since I like to imagine the dialogue in a British-English book as if spoken with a British accent), would "Betteredge" sound more like "Better edge", more like "Bedderitch", or is it pronounced completely differently?
Proper names in English come from such a wide array of sources, and go through generations with relatively random dialects. The result is that you pretty much cannot make any assumptions about how they are pronounced. You have to listen to the person say their own name to know for sure.
Being the cradle of the language, England is the worst about this. How the same name is pronounced can change radically multiple times just within a few city blocks in London.
For this reason I really don't worry about proper pronunciation in situations (like reading works of fiction) where there's no way for me to find out the right answer. Just come up with your own and move on.