Owen on why Liverpool will knock Bayern out of Champions League
The two teams played out to a barren draw in the first leg and a score draw would place the Premier League side into the quarter-finals at the expense of their German opponents.
"It's certainly on a knife edge and it's the toss of a coin, I'd suggest," Owen exclusively told the ECHO.
"Nil-nil is never a bad result in my opinion. Of course Liverpool could go out there [on penalties] drawing 0-0 but any score draw sends them through.
"This away-goal rule could play into Liverpool's hands now. So it is a 50/50 game.
"Liverpool of course have conceded a couple of goals against Burnley, but in general they have been looking as solid as a rock at the back.
"It's feast or famine at the moment up front. They are either not scoring or scoring fours and fives, but we know there are goals in there and Bayern Munich are on a nice little run, too.
"They scored plenty of goals at the weekend [beating Wolfsburg 6-0] but it's not the best Bayern team I've ever seen.
"They aren't streaking clear at the top of the Bundesliga, so I'm pretty confident."