...
First of all, I am amused by how bookmakers quote the game City - Aston Villa: 1.26. As you can see, they don't consider it difficult for the City.
As for the big picture, the calendar looks equal for everyone, so points advantage (Liverpool, then Arsenal) and the ability to focus on the Premier League without paying attention to the Euro cups (Liverpool) come to the fore. Liverpool looks like the favorite here and the bookmakers are quoting it as such, but in their opinion, City and not Arsenal are in second place.
Oh ok, I didn't check the odds yet for the Manchester City - Aston Villa game, but I fully agree with you that 1.26 is laughable. I mean if they want to put Manchester City as the favorite here, which makes sense of course for that game, then it would be more like a 1.5 or something. 1.26 is like Bayern Munich playing against Darmstadt lol.
without paying attention to the Euro cups (Liverpool)
What do you mean by this? Liverpool has to play against Atalanta in the Europa League or were you referring to something else? Not sure if I understand you correctly here.
But in general I see it the same way. The remaining schedules are pretty even for everyone and maybe having one more game at home can be a tiny advantage, but it does definitely not mean the world.
For us fans it is good to see though that the Premier League is as close as it can get. It would be boring to see one team being ahead with 10+ points at this stage of the season.