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.
I even still have doubts about Real Madrid in terms of winning the match at Liverpool's home because the conditions of the two teams at the moment are very different so I am even more convinced that Liverpool has the potential to win if Liverpool is able to play better at their home base. But if Real Madrid is able to match Liverpool's strength in the match, of course they can get a draw because after all, Real Madrid is an opponent that every team must be wary of when competing in the Champions League.
We know the situation of both teams at the moment. but in the upcoming match, we will never know how well-prepared both teams are. Madrid could steal a win at Liverpool's home, although at the moment if we look at their performance we can see Liverpool will be more favored.
A draw might be fair enough for both, but I don't think it will be good enough for Madrid. they will give everything for the match. Liverpool has the advantage, but everything can be beyond our predictions.
If we compare the recent performances of Real Madrid and Liverpool, then Liverpool should be considered as the favorite in this match. Liverpool is the only team that has been able to win all four matches of the Champions League this season. At the same time, they have been able to dominate the Premier League as well. The top spot of the Premier League and the Champions League is occupied by Liverpool. Also, the next match is Liverpool's home match. Because of these reasons, Liverpool can be considered as the favorite.
However, we should not forget that the most experienced team on the Champions League platform is Real Madrid. It is true that Real Madrid has been a bit off form recently. However, Real Madrid has a very strong squad. And this squad of Madrid is capable of breaking the defense of any team. So there is no doubt that the Liverpool vs Real Madrid match is going to be very competitive.