From my point of view I would say that it's a 50/50 chance for both Real Madrid and Liverpool on this match due to the little challenge Madrid is facing currently, if not I would have put my full confidence on Real Madrid that they would win the match. However, I wouldn't be surprised if Real Madrid snd up winning Liverpool, but I don't know how that will happen.
Liverpool will face Real Madrid at their home ground, so in theory this will be advantageous for Liverpool. Well I think besides the reason that Real Madrid is not in good enough condition, the host status held by Liverpool can also be one reason why people say Liverpool has a greater chance of winning the match. Yes I know that Real Madrid is a team with a good mentality, even though they have to play at their opponent's home ground. However, Liverpool will also definitely learn a lot from how AC Milan beat Real Madrid in the previous match, and at that time AC Milan successfully silenced Real Madrid at the Santiago Bernabeu which we know is very difficult to win there.
Although Liverpool is playing as the host, it does not mean that they have a greater chance. And if Liverpool thinks they can perform like Milan who beat Madrid, we must remember that Madrid can also get a chance like Milan.
Liverpool is currently leading the standings while Madrid is in 18th position and a surprise could happen.
Whatever happens, I still believe that there are only 2 possibilities in the match, Madrid win or draw.