The 1932–1933 SM-sarja season would become the last one played as a Cup series. The season also had the smallest number of participating teams as there was 4 teams from 2 cities.

Semifinals Away Score Home ScoreIlves Tampere2Helsingfors SK5

Away Score Home Score NotesHPS Helsinki3HJK Helsinki4OT

HSK and HJK advance to Final.

Final

Away Score Home ScoreHelsingfors SK5HJK Helsinki0

Helsingfors Skridskoklubb wins the 1932–33 SM-sarja championship.

References Hockey Archives