Italy: Serie B - 1948-49
| Pisa beat Pro Sesto 3-2 (H) on 4 Nov 1948 |
| Pro Sesto beat Salernitana 1-0 (H) on 18 Sep 1948 |
| Salernitana beat Seregno FBC 1913 1-0 (H) on 10 Oct 1948 |
| Seregno FBC 1913 beat Siracusa 3-2 (A) on 17 Oct 1948 |
| Siracusa beat Lecce 6-2 (H) on 19 Sep 1948 |
| Lecce beat Vicenza 2-1 (A) on 10 Oct 1948 |
| Vicenza beat Spezia 2-1 (H) on 19 Sep 1948 |
| Spezia beat Brescia 2-0 (H) on 26 Sep 1948 |
| Brescia beat Pescara 2-0 (H) on 10 Oct 1948 |
| Pescara beat Reggiana 4-2 (H) on 4 Nov 1948 |
| Reggiana beat Cremonese 1-0 (A) on 17 Oct 1948 |
| Cremonese beat Empoli 3-1 (H) on 4 Nov 1948 |
| Empoli beat Como 2-1 (A) on 17 Oct 1948 |
| Como beat Parma AS 2-0 (H) on 10 Oct 1948 |
| Parma AS beat SP Ars et Labor 4-3 (H) on 26 Sep 1948 |
| SP Ars et Labor beat Napoli 1-0 (H) on 3 Oct 1948 |
| Napoli beat Legnano 2-1 (A) on 31 Oct 1948 |
| Legnano beat Venezia 2-0 (H) on 17 Oct 1948 |
| Venezia beat Taranto FC 1927 6-1 (H) on 31 Oct 1948 |
| Taranto FC 1927 beat Alessandria 2-1 (H) on 19 Sep 1948 |
| Alessandria beat Verona 1-0 (H) on 4 Nov 1948 |
| Verona beat Pisa 1-0 (H) on 26 Sep 1948 |
HWC: Thick arrows show the earliest chain of wins that passes through every team and returns to its start.