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I would say that Arsenal, Liverpool and Manchester City are the three most likely champions. All the three teams are in good form now, and their performances are quite stable. Three teams have the potential to become champions.
I see no chance of underestimating Arsenal this season. They will not make the same mistakes as last season. We are consistently getting good performances from Arsenal players. I think Arsenal will take the top spot in the table if Liverpool drop a point in any match. If Liverpool drops the points I consider Arsenal as favorites to win the title.
Really hard to tell, but I put in some effort and write down the remaining schedule for all three teams.
Liv - Sheffield
Manchester United - Liv
Liv - Crystal Palace
Fulham - Liv
Everton - Liv
West Ham - Liv
Liv - Tottenham
Aston Villa - Liv
Liv - Wolverhampton
I think this is quite doable, but Liverpool has 5 games away from home, including against Manchester United and Aston Villa. But still it is not a horror scenario here.
Arsenal - Luton
Brighton - Arsenal
Arsenal - Aston Villa
Wolves - Arsenal
Arsenal - Chelsea
Tottenham - Arsenal
Arsenal - Bournemouth
Manchester United - Arsenal
Arsenal - Everton
5 home games for Arsenal and same here, hardest games against Manchester United, Tottenham and Aston Villa. Quite equal except for one more home game than Liverpool.
City - Aston Villa
Crystal Palace - City
City - Luton
Tottenham - City
Brighton - City
Nottingham - City
City - Wolves
Fulham - City
City - West Ham
Same thing here, hardest games against Aston Villa, Tottenham but that's it from the top 6.
It's really hard to tell whether one of these teams is more prone to making a mistake than the others. It is not impossible for Liverpool to win every single game. The same counts for City. Maybe the goal difference could become important, but my guess for now is that Liverpool and City will collect more points than Arsenal in the last 9 games. What are your thoughts here?