1948–49 SM-sarja season
The season 1948/49, was the 18th season of the Finnish SM- sarja. Master became the second overall time in club history Tarmo Hämeenlinna. Arsenal Helsinki and Karhu -Kissat descended into the 2nd league.
Mode
In the main round each of the eight teams completed a total of seven games. The winner of the main round was champion. The two last placed descended into the 2nd league. For a win, each team was given two points, a draw there was a point and a defeat.
Main Round
Sp = Matches, W = Wins, D = Draws, L = Defeats