#1 No pressure on Liverpool

And perhaps the most important point. Real Madrid outweigh Liverpool by a long margin when it comes to playing in the highest stage that the Champions League final is.
The Galacticos have played three finals in the last four seasons and know what it takes to play there. Liverpool, meanwhile, are playing in their first Champions League final since 2007.
Even then, however, the pressure is on Real Madrid. At the beginning of the season, many expected the Blancos to win the treble with the squad that they had. But now, after being dumped by Leganes at home in the Copa Del Rey and being trumped by Barcelona for the league, the Champions League is all that is left to salvage some pride.
In short, Madrid have everything to lose.
Liverpool, however, have a different scenario. Nobody expected them to come this far. They have already achieved more than what they had expected – which is why they have nothing to lose and can play without pressure.
And when a team like Liverpool play without pressure, they are going to be the favourites 8 times out 10.