The next two teams with the highest point totals in each conference also qualify as wild cards, regardless of which division they belong to. The first two rounds are played within each division, with the top three teams from each division qualifying for the playoffs. The NHL playoffs consist of four rounds of best-of-seven series, with the winner of each series advancing to the next round. Understanding the Stanley Cup Playoffs Format and Qualification System In this guide, we’ll take a look at some NHL playoff betting strategies and tips, as well as discuss the format and qualification system for the playoffs. With 16 teams competing for the Stanley Cup, there are plenty of opportunities to place bets on individual games, series outcomes, and even the eventual champion. The NHL playoffs are one of the most exciting times of the year for hockey fans and sports bettors alike.