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The Reds suffered their first defeat of the Premier League season at Watford at the weekend, bringing an end to their 44-match unbeaten run in the top-flight.
Having won three and lost just one of their last six matches at this stadium, they are available at 2/1 (3.00) with bet365 to put that upset behind them by coming out on top here.
Frank Lampard's men come into this match on the back of just one win in five fixtures, but are 11/10 (2.10) favourites to pull off a big victory in this one.
Just one of the hosts' last 10 FA Cup matches has resulted in a draw, but you can get odds of 3/1 (4.00) on this one finishing up all square.
Christian Pulisic, N'golo Kante, Callum Hudson-Odoi, and Tammy Abraham are unavailable due to injury, while Jorginho is suspended.
Joe Gomez and Naby Keita are unlikely to feature after missing the Watford game due to minor injuries, with Jordan Henderson, James Milner, Xherdan Shaqiri and Nathaniel Clyne definitely ruled out.
Although undoubtedly keen to banish the memory of a disastrous Vicarage Road performance, Jurgen Klopp will probably not alter his policy of fielding rotated lineups in FA Cup ties.
Having conceded twice away to Shrewsbury with an understrength side in the last round, they are unlikely to escape unscathed when they take on a Blues team that will be highly motivated following some disappointing recent results.
Nevertheless, Chelsea will hardly back themselves to keep things tight either after going eight games without a clean sheet, conceding at least twice in five of the most recent seven.
All in all, even money (2.00) seems generous on both teams getting on target and over 2.5 goals being scored for Liverpool's sixth FA Cup game in eight, as well their opponents' sixth match in eight.
All odds correct at time of publish. Please gamble responsibly.