How any league is set up will play directly into how the playoffs are set up - and playoffs are what a sport is all about. So here's how the NHL does it.
Does the NHL's loser point really create parody, or is it just masking mediocrity?
Versus' NHL Overtime has a weekly feature that spotlights local rec league hockey. If you would like your team/league shown, go to their Facebook wall:
(I trust you young'uns are on the Facebook.)