Where their system creates this strange scenario is that it doesn't consider current standings points in determining probability for who's more likely to win any given game but rather their power rankings. For example, their model would favor Ottawa over LA, especially in Ottawa, even though they are not even close in the standings. Currently, they have Calgary 7th and Colorado 15th. Couple that with Colorado likely having a more difficult schedule it likely overrates Calgary's chances and underrates Colorados.
This is compounded particularly when their power rankings seem to value a lot of the favorite predictability models of shot quality for and against, but doesn't necessarily factor in the talent level of each team.
Clearly, Colorado's best offensive players are more likely to outperform their expected results than Calgary's and to this point because Edmonton broke Markstrom and Calgary's actual results are lagging their expected results defensively.
I don't necessarily like this type of model as it is susceptible to rapid variations when a team goes on a XGF% heater like Edmonton has the last 8 games, and it largely ignores the talent level of teams, but it can be interesting to look at along with other models. The one positive I'm drawing from it is that their Power Rankings really like Edmonton, and Edmonton's a team you'd think can outperform their expected results particularly on offense, so I think it could bode well for Edmonton's chances down the stretch and into playoffs.
All that said, they appear to be trying to look at talent in their win predictability models based on this link
MoneyPuck.com -About and How it Works , but obviously it needs a bit of work if it puts Carolina so far ahead of Boston, Toronto and Tampa and puts Calgary way ahead of Colorado. If puts Carolina further ahead of Boston, than it puts Boston ahead of their 13th ranked team (Ottawa). There's no way Carolina's gap on any playoff team is that big let alone a team on track to set a records for most points in a season.