Wanderers climbed out of the bottom three with a scintillating victory over Liverpool at the Reebok.

Watched by a season best crowd of 26,854, goals from Mark Davies, Nigel Reo-Coker and Gretar Steinsson earned them a first home win over the Reds since 2006.

Liverpool boasted the second best defensive record in the whole Premier League before the game but were undone by some fine football.

And no-one could argue it wasn’t well deserved, with Davies setting the tone for the evening with a well taken effort just three minutes in.

After some clever work from Chris Eagles on the right and a subtle touch from David Ngog, the midfielder held off Martin Skrtel’s challenge to finish low to Pepe Reina’s left.

The turning point of the game arguably came on 28 minutes when Liverpool claimed a handball against Zat Knight, turned down by referee Kevin Friend, and Sam Ricketts made a goal saving challenge on Maxi Rodriguez.

Less than 60 seconds later, Wanderers produced another stunning bit of football, with Eagles and Ngog combining again to present Reo-Coker with a simple finish from close range.

Craig Bellamy’s pace continued to remind the Whites they weren’t home and dry, and the Welshman got his team back into it just before the break when he burst past Knight and Ricketts before forcing his shot under the advancing Bogdan.

Martin Petrov forced Reina into a superb save just before the half time whistle but five minutes after the restart it was the unlikely figure of Steinsson who effectively made the game safe.

After David Wheater had headed Petrov’s corner back at the far post, the full-back produced a great volley to send the home fans into raptures.

It was the Icelander’s first goal since October 2010, when he struck in an equally memorable 4-2 win over Tottenham.

Liverpool threw on Stewart Downing and Dirk Kuyt to try and get into it again but the closest they got was a long range effort from Daniel Agger that skimmed the top of the bar.

Wanderers might even have made the victory more emphatic, with Eagles coming close on a couple of occasions late on.