The 1950–51 SM-sarja season was the 20th season of the SM-sarja, the top level of ice hockey in Finland. 10 teams participated in the league, and Ilves Tampere won the championship.
| Club | GP | W | T | L | GF–GA | Pts | ||
|---|---|---|---|---|---|---|---|---|
| 1. | 8 | 8 | 0 | 0 | 66:9 | 16 | ||
| 2. | 8 | 4 | 1 | 3 | 42:28 | 9 | ||
| 3. | 8 | 3 | 2 | 3 | 31:40 | 8 | ||
| 4. | 8 | 2 | 2 | 4 | 27:41 | 6 | ||
| 5. | 8 | 0 | 1 | 7 | 17:65 | 1 |
| Club | Sp | W | T | L | GF–GA | Pts | ||
|---|---|---|---|---|---|---|---|---|
| 1. | 8 | 7 | 1 | 0 | 54:14 | 15 | ||
| 2. | 8 | 5 | 2 | 1 | 43:31 | 12 | ||
| 3. | 8 | 2 | 1 | 5 | 25:30 | 5 | ||
| 4. | 8 | 2 | 1 | 5 | 31:48 | 5 | ||
| 5. | 8 | 1 | 1 | 6 | 24:54 | 3 |