Their recent draw against Manchester City allowed them to stay behind the league leaders at one point. But before that, Liverpool had been on an absolute tear, winning ten straight games, which started in January. Their monumental climb resulted in them having 3.00 odds of winning the championship.
The most significant advantage that the Reds has now is their momentum, which can translate into dominating wins against their next opponents. Their momentum would be significantly helpful moving forward, especially in their match against the surging Tottenham Hotspur, who is currently at 4th in the standings.
If they somewhat manage to continue their current unbeaten run, there is a chance that Liverpool will be able to snatch the trophy away from the Citizens.