The 1933–1934 SM-sarja season was the first one to be played as a League rather than a Cup. There was 4 Teams from 2 cities participating.
The 4 teams played 3 games each. The team who wins the regular season wins the championship
SM-sarja Championship
edit| SM-sarja Championship | GP | W | T | L | Pts | GF | GA |
|---|---|---|---|---|---|---|---|
| HSK Helsinki | 3 | 2 | 1 | 0 | 5 | 6 | 2 |
| HPS Helsinki | 3 | 2 | 0 | 1 | 4 | 6 | 6 |
| Ilves Tampere | 3 | 1 | 1 | 1 | 3 | 5 | 6 |
| HJK Helsinki | 3 | 0 | 0 | 3 | 0 | 3 | 6 |
Helsingfors Skridskoklubb wins the 1933–34 SM-sarja championship.