That's true. I'm still seeking the main reason for it. According to the latest odds, Arsenal is not favored to win the PL trophy. The bookies were giving these odds for City, Arsenal, and Liverpool. The draw of Liverpool against Manchester United greatly impacted the odds for the winner of the EPL.
Manchester city @2.50
Arsenal @2.75
Liverpool @3.25
As you can see, bookies were not even putting Arsenal as the favorite to win the competition. Things may differ if the city loses or draws on the upcoming matchday. It's a must for the city to maintain its consistent performance.
The club must never lose even a single point because the situation is coming to its climax. Arsenal bottled the PL last season, which is probably why they are not putting it as the favorite club to win the PL trophy.
Things can change drastically depending on what results achieved by those clubs. I meant if all of results will be greatly affecting the odds now.
The remaining 8 matches of course make it possible for anything to happen, as usual the Premier League is always fierce and the current top three teams will certainly not find it easy to get through the remaining matches this season.
I think Manchester City is more favored than Arsenal, which is normal because Man City's mentality is much better, so even though Arsenal are now at the top of the standings, it will not be easy for them to maintain it, with the pressure they face making it increasingly difficult for them to maintain their consistency.
Meanwhile Liverpool is also the same, they are at a huge disadvantage because of last week's draw against Manchester United, which is currently making it even more difficult for them to compete for the title.
Currently the three top teams are required to be able to maintain their consistency until the end of the season, and whichever team succeeds, they will become champions, this is a very difficult thing.