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A major clash of local rivals dominates the Capital One Cup agenda on Wednesday, with Paul Gough tipping Brendan Rodgers' side to win at Old Trafford

Liverpool, boosted by the return from suspension of superstar striker Luiz Suarez, look good value to upset Manchester United in a huge third-round Capital One Cup showdown at Old Trafford on Wednesday night.

The Red Devils are coming off a humiliating loss to Manchester City in the EPL on Sunday and have already been beaten 1-0 in the league this season by Liverpool.

That game was at Anfield, and United will have home ground advantage this time around, but there are several factors that make the Reds value to again beat their arch-rivals in this knockout League Cup tie.

Liverpool, with no European football this season, are likely to field a stronger side than United and will be boosted by the return of Suarez - following the completion of his ten-match ban for biting Chelsea's Branislav Ivanovic late last season.

In contrast, United manager David Moyes is unlikely to risk his star striker Robin Van Persie - a late injury withdrawal against City on Sunday - with matchday two of the Champions League coming up next week and a must-win home game in the EPL against West Brom in between.

Nonetheless, the bookies have installed United as favourites to beat Liverpool at $2.25 with the Reds paying $3.40 and the draw at 90 minutes priced at $3.50 at bet365.

However, Liverpool have won this competition a record eight times, including in 2012 in a year in which they also had no European football to contend with.

The Reds definitely look worth a punt at $2.37 in the draw no bet market at bet365 - where punters get their money back if the game ends in a draw at normal time - while they are $2.25 to qualify for the next round by winning this match either in normal time, extra-time or on penalties.

United barely troubled the Liverpool defence in their league meeting just three-and-a-half weeks ago in which Daniel Sturridge scored the only goal of the game in the fourth minute.

Sturridge is paying $7 at bet365 to score the game's opening goal again on Wednesday night and $2.62 to score at any time - the same price as Suarez.

And while Suarez will no doubt be slightly rusty on his return, he is not totally lacking match fitness having recently played for Uruguay in the World Cup qualifiers and he would love nothing better than to score in his much-anticipated comeback.

Van Persie is the $5 favourite to score the game's first goal and $2.05 to score at any stage but looks a risk given he may not play, with Javier Hernandez better value for the home side at $7 and $2.62 respectively.

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Back Arsenal to beat West Brom at $2.10 at bet365.

Liverpool are great value against United in the draw no bet market at $2.37, while Suarez is tempting at $2.62 to score at any time.

In the other games on Wednesday night two recent winners of the League Cup in Birmingham (in 2011) and Swansea (last season) clash at St Andrews.

But the Blues are struggling in the second tier Championship competition these days and are the $4.75 underdogs, with Swansea the $1.83 favourites at bet365.

Newcastle, despite their dismal record in this competition in recent years, should win at home at $1.72 against Championship side Leeds at $5 while Stoke at $1.72 should also win away at League One Tranmere at $5.

And in the other all EPL clash of the night Arsenal - looking much improved this season but still searching for their first trophy since 2005 - should win away at $2.10 against West Brom at $3.50 at bet365.

*Note prices subject to change

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