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 | Score |
|---|---|---|---|
| Ilves | 2 | HSK | 5 |
| Away | Score | Home | Score |
|---|---|---|---|
| HPS | 3 | HJK | 4OT |
HSK and HJK advance to Final
Final[]
| Away | Score | Home | Score |
|---|---|---|---|
| HSK | 5 | HJK | 0 |
Helsingfors Skridskoklubb wins the 1932-33 SM-sarja championship
| Preceded by 1931-32 SM-sarja season |
SM-sarja season 1932-33 |
Succeeded by 1933-34 SM-sarja season |