Best Betting Sites in Iceland

Updated:

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.

List of Iceland betting sites

Found: 13 Bookmakers

Rank Bookmaker Bonus Claim
1

Ivibet

Welcome bonus up to 150€

18+ T&C apply, BeGambleAware.org

2

20bet

100% welcome bonus up to €100

18+ T&C apply, BeGambleAware.org

3

1Bet

100% up to €100

18+ T&C apply, BeGambleAware.org

4

TonyBet

Welcome bonus 100% up to 100€

18+ T&C apply, BeGambleAware.org

5

22bet

15,000 ISK First deposit bonus

18+ T&C apply, BeGambleAware.org

6

Bet365

Bet €5 & Get €50 in Free Bets

18+ T&C apply, BeGambleAware.org

7

1xBet

100% bonus on the first deposit up to 16,000 ISK

18+ T&C apply, BeGambleAware.org

8

Megapari

100% bonus on the first deposit up to 14,100 ISK & take part in Billionaire's Megarace

18+ T&C apply, BeGambleAware.org

9

QBet

Welcome bonus up to 100€

18+ T&C apply, BeGambleAware.org

10

Melbet

Welcome bonus 100% up to €100

18+ T&C apply, BeGambleAware.org

11

Bwin

100% deposit bonus up to 200€

18+ T&C apply, BeGambleAware.org

12

William Hill

Bet £10 Get £30 in Free Bets

18+ T&C apply, BeGambleAware.org

13

888sport

Welcome bonus 100% up to €100

18+ T&C apply, BeGambleAware.org

Iceland Online Sports Betting – The Ultimate Guide

Updated:

Best betting sites in Iceland

Iceland has a strong sports culture and a passion for sports betting. While online sports betting is legal in Iceland, there are some restrictions in place. The only sports betting company that is licensed to operate in Iceland is Íslensk Getspá, which is a subsidiary of the national lottery company. Íslensk Getspá offers sports betting on a variety of sports, including football (soccer), basketball, and handball, as well as other events.

In order to participate in online sports betting in Iceland, individuals must be at least 18 years old and have an Icelandic bank account. Players can place bets online through the Íslensk Getspá website or via its mobile app. Despite the limited selection of local websites, Icelandic users are not discouraged. They have the opportunity to use the services of international betting operators, who are happy to provide them with the opportunity to bet on the biggest events.

History of sports betting in Iceland

History of sports betting in Iceland

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.

Table about Sports Betting in Iceland
🌍 Country  Iceland
👌 Language  Icelandic, English
💲 Currency  Icelandic Króna (ISK)
Popular sports Football, handball. ice hockey
⚖️ Is betting legal Yes
🏢 Regulator  Icelandic Gambling Authority
🧾 Gambling taxes No tax on gambling winnings
💳 Most popular payment methods VISA, Mastercard, Neteller, Skrill, PayPal

How to bet on sports in Iceland online?

The popularity of sports betting in Iceland is confirmed by statistics. Around 65% of the population is estimated to have won money on betting sites in 2019. At the same time, the average amount won on betting sites in Iceland is estimated to be around €10,500 per person per year. In other words, Icelanders not only love sports betting, but they often win. To join them, you need to take a few simple steps.

  1. Find a trusted sports betting site

    You can see the list of best bookmakers and choose any operator.
  2. Get your welcome bonus

    Most websites offer lucrative first deposit bonuses.
  3. Find the event to bet on

    The most popular in the country are football (soccer) and hockey, but you can choose any sports event, even exotic ones.
  4. Check the odds

    Before placing bets, it is important to check the odds and choose the best ones.
  5. Place your bet

    After placing a bet, just wait for the outcome of the match or event. The bookmaker will calculate your winnings and pay out if successful.

Top-4 betting sites in Iceland

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.

  1. Website #1 in Iceland – TonyBet

    TonyBet is an online sports betting and casino company that was founded in 2009 by Antanas Guoga, a Lithuanian businessman and former professional poker player who is also known as Tony G. The company is licensed and regulated by the United Kingdom Gambling Commission and the Estonian Tax and Customs Board. TonyBet offers a wide range of sports betting markets, as well as casino games, live dealer games, and poker.

    TonyBet is renowned for its emphasis on advancing innovation and technology, having created multiple exclusive products with fresh characteristics. These include a distinct mobile betting application and a distinctive function titled ‘Spin & Bet’, which enables users to amplify their potential profits by up to tenfold.

    Website #1 in Iceland – TonyBet
  2. Website #2 in Iceland – 22Bet

    22Bet is a betting company that was founded in 2017. The company is registered in Cyprus and operates under a Curacao eGaming license. 22Bet offers a wide range of sports to bet on, including the most popular ones in Iceland.

    22Bet has a focus on providing a user-friendly and innovative experience to its gamblers. The website is available in multiple languages and offers a range of payment methods, including cryptocurrencies. The company also offers a mobile app for iOS and Android devices, allowing gamers to place bets anytime and anywhere.

    Website #2 in Iceland – 22Bet
  3. Website #3 in Iceland – 20Bet

    20Bet is another great betting company providing its services to clients from Iceland. In addition, 20Bet has a strong presence in several European countries, including Germany, Finland, and Poland. The company offers a range of promotions and bonuses to new and existing clients, including a welcome bonus for new sports betting customers.

    Website #3 in Iceland – 20Bet
  4. Website #4 in Iceland – IviBet

    IviBet is a famous betting operator that began its activities in 2014. In Iceland, the company offers not only online sports betting but also the opportunity to play casino games, including slot machines. In particular, however, the IviBet sports events catalogue is really impressive.

    Among those sports popular on the website are football, baseball, cricket, rugby, tennis and others. The sportsbook also has a section with lotteries such as bingo and keno.

    Website #4 in Iceland – IviBet

How we test & review Iceland betting sites

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.

4 best betting apps in Iceland

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.

  • Limitations
  • Restricted availability

#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.

  • Limitations
  • Restricted availability

#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.

  • Limitations
  • Restricted availability

#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.

  • Limitations
  • Restricted availability

Live betting in Iceland

Live betting in Iceland

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:

Most biggest and trusted online bookmakers in Iceland

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.

  1. #1 biggest Iceland betting site – TonyBet

    TonyBet is one of the biggest online betting sites in Iceland, offering a comprehensive range of sports betting options for users. Founded in 2009 by former poker pro Antanas Guoga, the site has grown to become one of the most popular and trusted industry betting platforms.

    One of the key features of TonyBet is its wide range of sports and markets, which includes everything from football and basketball to handball, ice hockey, and esports. The site also offers a variety of betting options, including live betting, pre-match betting, and futures betting, allowing users to bet on a variety of events and outcomes.

    biggest Iceland betting site – TonyBet
  2. #2 biggest Iceland betting site – Unibet

    Unibet is another popular betting site in Iceland, offering a wide range of gambling options for its customers. Founded in 1997, the website has built a reputation for its user-friendly interface, competitive odds, fast payouts, and generous bonuses and promotions.

    One of the key features of Unibet is its comprehensive sports betting offering, which includes everything from football and basketball to ice hockey, handball, and esports.  The platform also offers football tips and the ability to watch sports events online.

    biggest Iceland betting site – Unibet
  3. #3 biggest Iceland betting site – MelBet

    One of the key features of MelBet is its wide range of sports and markets, which includes everything from football and basketball to tennis, ice hockey, and esports. The site also offers a lot of betting variations.

    MelBet is also known for its generous bonuses and promotions, including a welcome bonus for new users, regular free bets, and other offers and giveaways. The site also offers a VIP program for high rollers, providing additional perks and benefits for users who bet frequently or with high stakes.

    biggest Iceland betting site – MelBet

Popular sports types for online betting in Iceland

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.

How to sign up, verify your account & place your first bet with an Iceland bookmaker

How to sign up, verify your account & place your first bet with an Iceland bookmaker

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

Bonuses and Promotions for Online Betting in Iceland

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

Popular payment methods in Iceland

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.

FAQ

?

Is online sports betting legal in Iceland?

Yes. You can bet on sports on licensed websites.
?

What methods can be used to withdraw funds from an Iceland betting site account?

There are many payment systems in the country. You can use bank cards, cryptocurrency, and electronic wallets.
?

How do I find the best Iceland betting site?

You can use our current rankings of the best bookmakers.
Review Author

Frankie Monkhouse

Frankie Monkhouse

Frankie Monkhouse is a former professional boxer turned sports betting content writer.