Both sides will clash on Merseyside tomorrow evening.
Despite the Reds languishing in ninth position, victory is anything but a foregone conclusion for the second-placed Lilywhites, who come up against a side who specialise in toppling England's elite under Jurgen Klopp.
Under the German, Liverpool have thrashed Manchester City and Manchester United on Merseyside in recent weeks, adding to comprehensive away wins at City and Chelsea last year, but Gray feels that a 2-2 draw is the most probable result tomorrow.
"I see Liverpool as slight favourites here. It’s a match that Jurgen Klopp and his players will relish. They’re at home, playing decent football and they’ll be looking for a reaction to the bottlejob against Southampton," he wrote on Paddy Power.com.
"But Spurs are up at the top for a reason. They’ve a young squad that are playing really good football. So I’m backing them to get a result from Liverpool. Maybe look at a 2-2 scoreline, because I feel it’ll be open."
It promises to be a special clash as Klopp's side chase redemption following a shock 3-2 defeat at Southampton last time out - a game in which they surrendered a two-goal lead at half time.
Tottenham, on the other hand, smashed Bournemouth 3-0 at White Hart Lane to keep within striking distance of the Foxes at the summit.