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Capitals vs. Flames NHL Predictions, Picks and Odds - Jan. 23

23 January 2026 By Data Skrive

The Washington Capitals and Calgary Flames -- both coming off defeats in their last game -- will face each other on Friday at 9 p.m. ET, at Scotiabank Saddledome in Calgary. The bookmakers have made the Capitals solid favorites at -130 on the moneyline, despite being away from home, and the Flames are at +110.

Washington fell in a 4-3 defeat on the road its last time out on Jan. 21 against the Vancouver Canucks. Dylan Strome had three points (two goals and one assist) for the Capitals.

Calgary played at home its last time out on Jan. 21, and fell 4-1 against the Pittsburgh Penguins. Zach Whitecloud (one assist) and Kevin Bahl (one assist) were among the three Flames skaters who recorded one point each in that outing.

Prepare for this matchup by checking out our prediction for who will emerge with the victory in Friday's hockey action.

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Capitals vs. Flames Predictions & Pick

For insights on the upcoming game between the Washington Capitals and Calgary Flames, computer-calculated moneyline, over/under, and score predictions are below, based on data from Dunkel Index.

  • Prediction: Flames 5 - Capitals 2
  • Pick OU: Over 5.5 (Dunkel projecting 7.06 goals)

Pick with the best in the business! Get free picks for every game, every week at the Dunkel Index.

Capitals vs. Flames Moneylines

Take a look below at the latest moneylines for the Capitals-Flames game.

  • Favorite: Capitals (-130)
  • Underdog: Flames (+110)

Capitals Betting Insights

  • In the 37 times this season the Capitals have been a moneyline favorite, they have finished 20-17 in those games.
  • Washington is 14-12 (winning 53.8% of its games) when playing with moneyline odds of -130 or shorter.
  • Based on the moneyline in this game, the Capitals' implied win probability is 56.5%.
  • Washington's games this season have gone over this matchup's total of 5.5 goals 29 times.

Flames Betting Insights

  • This season the Flames have won 13 of the 37 games, or 35.1%, in which they've been an underdog.
  • This season Calgary has won nine of its 26 games, or 34.6%, when it's the underdog by at least +110 on the moneyline.
  • The implied probability of a win by the Flames, based on the moneyline, is 47.6%.
  • Calgary has combined with its opponent to score more than 5.5 goals in 29 of 50 games this season.

Capitals Key Stats

  • Washington ranks 14th in the NHL with 162 goals scored (3.2 per game).
  • Defensively, the Capitals are giving up 147 total goals (2.9 per game) to rank 11th in league play.
  • Its +15 goal differential is the ninth-best in the league.
  • The 25 power-play goals the Capitals have scored this season rank 22nd in the NHL (on 147 power-play chances).
  • Washington's 17.01% power-play conversion rate ranks 23rd in the league.
  • The Capitals have capitalized with one shorthanded goal this season (28th among NHL teams).
  • Washington has the league's 20th-ranked penalty-kill percentage (78.05%).
  • Washington has the 20th-ranked faceoff win percentage in the NHL, at 49.5%.
  • The Capitals make 10.9% of their shots (17th in the league).

Flames Key Stats

  • Calgary has 126 goals this season (2.5 per game), 30th in the league.
  • The Flames' total of 147 goals given up (2.9 per game) is 11th in the NHL.
  • With a goal differential of -21, the team is 26th in the league.
  • The Flames have 23 power-play goals (27th in NHL) on 155 chances.
  • Calgary's power-play percentage (14.84) ranks the team 32nd in the league.
  • The Flames have seven shorthanded goals (first in NHL).
  • At 83.11%, Calgary has the seventh-best penalty-kill percentage in the league.
  • At 49%, Calgary has the league's 21st-ranked faceoff win rate.
  • The Flames' 8.8% shooting percentage is 31st in the league.

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