Blades Of Steel is based on an arcade game and follows two players - one human opponent and the other computer-controlled player. Players can compete in single games or tournament mode. At some point during gameplay, a fight may break out, which will give the player a close-up view of the two opponents. The player controls their character during this mini-game sequence, with the loser spending time in the penalty box.
Gameplay involves stick-handling and passing the puck, trying to score goals against the opponent. Players can use special moves like the "slapshot" to increase scoring chances. If a fight occurs, players must navigate through a short sequence where they must avoid being hit by their opponent's stick. The player with control will have an advantage in this mini-game.