Liverpool entered 2026/27 in an unusual position. They had spent heavily, added another major attacker and still had a squad full of established internationals, yet the Premier League title market was far less enthusiastic than it had been a year earlier. Before the season, Liverpool were priced behind Arsenal and Manchester City for the title. Their fifth-place finish in 2025/26, a managerial change and an uncertain start under Andoni Iraola clearly affected that view. The interesting question is whether the market is giving enough weight to the number of genuine options Liverpool now have once the schedule becomes crowded.The attack looks very differentAlexander Isak gives Liverpool an established central striker, although he is yet to shine at Anfield. Victor Muñoz has arrived and Bradley Barcola joined from Paris Saint-Germain at the end of August in a deal worth an initial £106 million. Federico Chiesa and Rio Ngumoha offer further choices. That is a substantial group even after Mo Salah’s departure. Of course, having several forwards does not mean Liverpool have simply replaced Salah. His goals, availability and influence from the right were unusual. Barcola also brings a different profile rather than a direct copy. What Liverpool have gained is choice. Iraola does not need the same three forwards to carry every league and Champions League match, and that becomes more important once midweek football starts piling up.Midfield is probably the stronger depth argumentLiverpool have Ryan Gravenberch, Dominik Szoboszlai, Florian Wirtz, Alexis Mac Allister, Wataru Endo and several younger alternatives available in midfield. More important than the number is the variety. Wirtz can operate high up the pitch, Mac Allister can change his position according to the match, while Szoboszlai and Trey Nyoni give Iraola ways of rotating without completely reshaping the team. This is what useful depth normally looks like during a title race. It is rarely about losing half the squad at once. More often, it is about resting somebody on a Wednesday evening without making Saturday’s starting XI noticeably weaker. Liverpool appear well covered there.Defence makes the argument harderThis is where simply counting squad members becomes misleading. Liverpool have Virgil van Dijk, Ronald Araújo, Jérémy Jacquet, Milos Kerkez, Jeremie Frimpong, Joe Gomez and other defensive options. But Conor Bradley underwent surgery following a significant knee injury, while Giovanni Leoni has been recovering from the ACL injury suffered last season. Liverpool also lost Ibrahima Konaté, leaving centre-back as a less comfortable area than midfield or attack. That matters in a title market. Liverpool do not need to have a weak defence for Arsenal or Manchester City to benefit. One or two absences in the wrong positions may be enough to make rotation considerably harder.Europe will show whether the depth is realThe Champions League is where this squad will properly be tested. Liverpool’s league-phase opponents include Atlético Madrid, Inter Milan, Porto and Villarreal among others, and it is safe to say that it is adding demanding midweek matches to an already crowded domestic calendar. A deep squad looks excellent in August because everybody is available for one game a week. October and November are different. If Liverpool can change two midfielders and an attacker for a European match without seeing a major drop in quality, that depth becomes a genuine title advantage. If defensive injuries force the same players to keep starting every three or four days, the squad suddenly looks less complete.The market also has reasons to be cautiousLiverpool’s early results have not exactly encouraged title bettors. A 2-2 draw with Nottingham Forest on August 29 left them without a win in three, while Iraola has already been dealing with the balance between attacking aggressively and protecting his team when possession is lost. Bookmakers are therefore not judging the squad sheet alone. They are pricing last season’s fifth-place finish, a new manager, tactical changes, current injuries and the strength of Arsenal and Manchester City. Bettors comparing those prices may also look at UK licensed sports betting sites reviewed by next.io to see how different operators are assessing the title race. That makes the scepticism understandable.Liverpool’s advantage may show laterThe better case for Liverpool probably comes later in the season. Isak, Barcola, Gakpo, Wirtz, Mac Allister and Szoboszlai do not all need to start every week for their presence to matter. The value comes when somebody is injured, tired or simply needs a night off. By November, that can be worth much more than it appears in September. So are oddsmakers severely underrating Liverpool’s depth? Probably not yet. The defensive questions are too real, while the team is still adjusting under Iraola. But there is a reasonable argument that the market is paying more attention to Liverpool’s recent results than to what this squad could look like once the new players settle. The names are there. The title question is whether Iraola can turn enough of them into players he trusts every week.The post Are Premier League odds makers severely underrating Liverpool’s depth in the title race? appeared first on The Empire of The Kop.