Best Betting Sites in Iceland

Iceland is world famous for its natural attractions, but few people know that the locals are crazy about sports betting. Indeed, Icelandic folk are experts in many sports and are not averse to earning extra money by betting. If you want to find out which websites are popular in Iceland, this article will come in handy. Thanks to MightyTips, you can now weigh up the pros and cons of the best betting operators in this Nordic country.

Sports betting has a long and interesting history in Iceland. In the early 20th century, horse racing was the most popular form of sports betting in Iceland. However, the government eventually outlawed horse racing in the 1940s, and it wasn't until the 1960s that sports betting became legal again.

In 1965, the Icelandic parliament passed a law that allowed sports betting on certain sports, including football (soccer), basketball, and handball.

At that time, the only way to place a sports bet was to visit a physical betting shop, and the only company authorized to operate such shops was the state-run lottery company Íslensk Getspá.

In the early 2000s, the Icelandic government began to consider legalising online sports betting. In 2004, a new law was passed that allowed Íslensk Getspá to offer online sports betting. This made it easier for Icelanders to place bets on their favourite sports, as they could now do so from the comfort of their own homes.

Some interesting facts:

• There are currently no land-based casinos in Iceland, but there are several online betting sites licensed by the Icelandic Gambling Authority.
• Online betting sites in Iceland offer a wide variety of sports betting, casino games, and poker.
• All online betting sites in Iceland must use the Icelandic Krona (ISK) as the currency for deposits and withdrawals.
• Online betting sites in Iceland must have a minimum deposit of 5,000 ISK and a maximum deposit of 50,000 ISK.

Today, Íslensk Getspá remains the only company authorised to offer sports betting in Iceland. While the company faces competition from international online sports betting sites, it still enjoys a strong position in the Icelandic market, thanks in part to its reputation for reliability and security.

In order to select the truly best websites for you, we’ve conducted comprehensive local market research. We didn’t reach the classic top five because we only found four sites that can be considered reliable and trusted by a number of criteria. For your convenience, we describe each of them in detail.

Discover the key steps to effectively test and review betting sites in Iceland for a thorough and reliable evaluation.

1. Odds

   The odds offered by Icelandic betting sites, such as Íslensk Getspá, may vary depending on the specific sport, event, and market being offered. However, odds are typically presented in decimal format, which represents the potential payout on a winning bet, including the initial stake.

   For example, if a sportsbook offers odds of 2.50 on a particular outcome, this means that a winning bet of 100 Icelandic krona would result in a total payout of 250 Icelandic krona, which includes the initial stake of 100 ISK.

   It’s important to note that odds may change in real-time leading up to and during an event, based on various factors such as changes in the betting market, injuries to players, or changes in weather conditions, among others.

2. Mobile compatibility

   Many online sports betting websites that operate in Iceland offer mobile compatibility, allowing users to place bets and access their accounts using their mobile devices such as smartphones and tablets. This is often carried out through a mobile-optimised website or a dedicated mobile app.

   For example, TonyBet and 22Bet both offer mobile apps for iOS and Android devices, which can be downloaded from the App Store or Google Play. These apps offer a range of features, including the ability to place bets, access account information, deposit and take advantage of promotions and bonuses.

3. Available payment options

   In order for every user to enjoy the game without restrictions, it is very important to provide the maximum possible choice of payment methods on sportsbooks. Their list should include not only bank cards but also modern payment options, such as electronic wallets and cryptocurrency. Many Icelandic citizens will choose a bookie that will offer them all options at the same time.

   It is also very important that payouts are made on time, without exceptions. The best betting companies give their customers the ability to deposit and withdraw funds using bank transfers as quickly as if they were using cryptocurrency.

4. Bonuses and promotions

   The iGaming market is constantly evolving and there is serious competition driving innovations. The best bookies in the industry offer Icelandic residents incredibly lucrative bonus opportunities. Among them are welcome bonuses that are often offered to new clients and may include a percentage match of their initial deposit, free bets, or other incentives.

   Also, sportsbooks may offer enhanced odds on specific events or markets, allowing customers to potentially win more on their bets. But the best sports betting websites offer loyalty programs, which allow customers to earn points or rewards for their betting activity. These rewards may include free bets, cashback, or other incentives.

5. Bet types

   Icelandic sports betting websites typically offer a variety of bet types, depending on the sport, event, and market being offered. Truly reliable and trustworthy companies make it possible to place several types of bets at once. For example, moneyline, parlays, totals, accumulation bets and so on.

   In addition, the best sites provide the opportunity to bet on a variety of sports. Among them are golf, boxing, MMA, UFC, WWE, table tennis, volleyball, badminton, curling, snooker, bowling and darts.

6. Support work quality

   When evaluating the quality of customer support on a sports betting website, it’s important to consider factors such as the speed and responsiveness of the support team, the clarity and accuracy of their responses, and the availability of support across different channels. Additionally, it’s important to check the hours of operation for customer support, as some websites may only offer support during specific hours or time zones.

   Some common ways that the best sports betting websites provide customer support include live chat, email support, and also FAQs. Many sports betting websites provide a comprehensive knowledge base that can help users find answers to common questions or issues.

7. Trustworthiness

   The final criterion that we evaluate is trustworthiness. This refers to the reliability and integrity of a sports betting website. Trustworthy sports betting websites are those that have a good reputation, are transparent about their operations, and prioritise the security and privacy of their users.

   Some factors that contribute to the trustworthiness of a sports betting website include:

   - Licensing and regulation

   - Security measures

   - Fairness and transparency

   - Reputation

   When evaluating the trustworthiness of a sports betting website, it’s important to consider all of these factors and to carry out research to ensure that the website is reputable and trustworthy.

When choosing a sports betting app in Iceland, it’s important to consider factors such as the user interface, available features, payment options, and the overall reliability and trustworthiness of the app. After evaluating the applications offered on the market according to these criteria, we have created a list of the best.

#1 Iceland betting app – 22Bet

The app features a user-friendly interface, with good intuitive navigation and clear labelling of all available features and markets. Additionally, the app includes a number of convenient features, such as live streaming of European and world events, live in-play betting, and the ability to customise notifications and alerts for specific sports or markets.

#2 Iceland betting app – 1xBet

The 1xBet app provides gamblers with a comprehensive sports betting experience, with a wide range of sports and markets available for betting. Also, you can play casino slots and lotteries here. Users can easily browse and search for upcoming events and place bets directly from their smartphones.

#3 Iceland betting app – 20Bet

The app offers live streaming of events and a wide range of in-play betting options, allowing bettors to place bets on a game or match in real-time. It is designed to be fast and reliable, with quick load times and minimal lag or downtime.

#4 Iceland betting app – TonyBet

This app contains the best bonuses bookmakers have to offer. In addition, the application offers fast payout services as well as exclusive options. One of the unique features of the TonyBet app is the inclusion of a virtual sports section, where users can bet on simulated sports events such as virtual horse racing, football, and basketball.

Users in Iceland can take advantage of live betting features by accessing their preferred betting site’s live betting platform, which is typically available through the desktop or mobile app. Live betting can also be accompanied by live streaming of events, which adds an extra level of excitement and engagement to the betting experience.

Most popular sports:

• Football
• Handball
• Ice Hockey
• Basketball
• Esports
• Tennis

Explore the most reputable and renowned online bookmakers in Iceland, offering a wide range of betting options and trusted services for Icelandic bettors. Below you will find the list of 100% trusted bookmakers to try.

In all reviews of the betting market in Iceland, one cannot proceed without mentioning the country’s popular sports. In addition to traditional competitions, bettors from Iceland actively place bets associated with a Nordic lifestyle.

Just a few simple steps separate you from becoming an active bettor in Iceland. Follow the proven and fast algorithm:

1. Find a bookmaker you can trust
2. Sign up and fund your account
3. Select the event or sports match
4. Estimate odds and possible bet types
5. Place your bet and wait for the result of the event

Popular brands offer their customers great bonuses that can significantly increase players’ profits. They can be obtained by both new and regular customers of betting sites.

Deposit bonuses

Deposit bonuses are a type of bonus offered by online sports betting sites in Iceland to new customers when they make their first deposit. The bonus amount is usually a percentage of the deposit, up to a certain amount. For example, a betting site may offer a 100% deposit bonus of up to 10,000 ISK.

Welcome offers

To claim a welcome offer, the gambler usually needs to make a minimum deposit, which can vary between betting websites. The bonus amount will then be credited to the customer’s account, which they can use to place bets on the website.

Free bets

Some sports betting sites in Iceland offer free bets to their customers, which allows them to place a bet without risking any of their own money. As a form of promotion or incentive for loyalty, free bets may be provided to any customer.

Cashback

This type of bonus gives customers a percentage of their losses back as a bonus. Cashback rewards are typically included in promotional campaigns or customer loyalty programs.

VIP offers

The best sports betting sites in Iceland offer loyalty programs to reward their regular customers. These programs usually offer rewards like free bets, bonuses, or merchandise for reaching certain milestones or placing a certain number of bets.

Bonuses and Promotions for Online Betting in Iceland

Bookmaker	Bonus offer	Advantages	Find out more
	Welcome bonus 100% up to €100	A wide range of sports are available at TonyBet UK Welcome bonus for new customers Recurring promotions for existing members	Get Bonus
	15,000 ISK First deposit bonus	TOP-5 by betting market variety 65 withdrawal methods Live broadcasts	Get Bonus
	Welcome bonus 100% up to €100	30+ sports 24/7 customer support Cash out available	Get Bonus
	Welcome bonus up to €150	Easy to navigate Generous welcome bonus Great variety of betting markets	Get Bonus
	100% bonus on the first deposit up to 16,000 ISK	Fast and easy registration First deposit bonus Higher-than-average odds	Get Bonus

Betting companies in Iceland offer dozens of options for depositing and withdrawing winnings. Among them are debit and credit cards, e-wallets and other options.

• Bet with Visa or MasterCard in Iceland:

  Most online betting sites in Iceland accept Visa and MasterCard for deposits and withdrawals. To make a deposit, gamers can go to the banking or cashier section of the betting website, select Visa or MasterCard as the payment method, enter their card details, and adhere to the given directions in order to complete the transaction.

• Bet with Neteller in Iceland:

  Neteller is a popular and convenient payment option for online sports betting in Iceland, as it offers fast and secure transactions and can be used for both deposits and withdrawals. Deposits with Neteller are usually processed instantly. However, the withdrawal of winnings may take some time and you can learn more about this from the bookmaker’s support service.

• Bet with Skrill in Iceland:

  Skrill is an e-wallet that is widely accepted as a payment method by many sports betting companies in Iceland. You’ll need to create your own account in order to deposit and withdraw money using this payment system. Some betting sites may also charge fees for using Skrill, so customers should check the terms and conditions before making a deposit or withdrawal.

• Bet with PayPal in Iceland:

  PayPal allows customers to link their credit card to their PayPal account, which they can use to send and receive money, pay for goods and services online, and transfer funds to other PayPal clients. Transactions are processed quickly and securely, with bettors able to track their payments and account activity in real-time.