I still think they will fall away a bit. But quite a few of the top 4 chasing teams aren't exactly looking like they will put together a great run of form either...
Of United, West Ham and Liverpool (current 5th-7th) only West Ham look at least somewhat like they can put in consistent performances, and they're another team more or less expected to "fall away" at some point.
Looking at points per game so far and the points total that will bring those teams to if they keep on picking up points at the same rate:
Manu: 1.61 ppg - 61 points total
West Ham: 1.57 ppg - 60 points total
Liverpool: 1.48 ppg - 56 points total
Leicester already have 47 points. To get to 62 points and get ahead of what those teams will pick up if they keep on keeping on as they have done Leicester only need another 15 points from the remaining 15 games. Or roughly ever so slightly better than relegation form.
So it's not just a question for Leicester about how well they will do. It's also a question of if one of the chasing teams can up their game and significantly increase their points per game scores for the last 15 games of the season. Leicester could potentially finish the season quite poorly and yet pick up enough points to finish in the top 4. They could end the season in "mid table form" (1.4 ppg) and pick up another 21 points ending the season on 68 points. That could be a huge task for the chasing teams to make up based on their performances and results this season.
Bookmakers still have Leicester as outsiders to win the league - similar odds to ourselves. But also as rather likely to finish in the top 4 - again very similar odds to ourselves. Seems about right to me.
That's the thing though, these sides (West Ham last season, Swansea, Leicester, insert promoted team that went on run) go into death spirals that "true" top 6 teams don't. It completely would not shock me to see Leicester go on a run of 10 games without a win.
To your point, because everyone else is doing so bad, it makes top 4 more likely, but here's what I think is the most realistic scenario
- Top 3 = City, Scum, Spurs (in whatever order)
- Next 2 = Manure & Pool (neither look good, but they get points without looking good, at some point both will have a run).
- Next 3 = Leicester, Southampton (Austin will win them games), West Ham
I still think Leicester in 8th is not a shock result from here ...