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Top 5 Bookmakers in Iceland

Created by potrace 1.10, written by Peter Selinger 2001-2011
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Best Iceland Betting Sites Online

We include the leading betting sites in our table with the top online bookmakers for betting in Iceland. Check out their bonus offers, features and ratings to choose the most appropriate for you:

Rating: 5.0/5
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  • Licensed by the UKGC
  • Best Sports Betting Features
  • High Odds
New Customers only. Registration required. Bet £10* & Get £30* in Free Bets. Sign up, deposit between £5* and £10* to your account and bet365 will give you three times that value in Free Bets when you place qualifying bets to the same value and they are settled. Free Bets are paid as Bet Credits. Min odds/bet and payment method exclusions apply. Returns exclude Bet Credits stake. +18 | Terms & Conditions time limits & exclusions apply. #Advertisement
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Rating: 4.7/5
  • Trusted Betting Site
  • Great Range of Daily Sports Betting Markets
  • Live Streaming & Other Features are Available
  • Mobile App for Android and iOS
18+. BeGambleAware.org. New customers only. Min Dep £10. Debit cards only. Opt in for bonus funds. Wagering, sportsbook 3x at min. odds of 1.40 (2/5), casino 50x. Sports bonus must be wagered before using the casino bonus. Valid for 7 days. Geographical Restrictions and T&Cs Apply. | 18+ | begambleaware.org | gamstop.co.uk | Play Responsibly
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Top Betting Sites in Iceland Ranked

Betting in Iceland

Iceland is a country where people can access several online betting websites, although they are not regulated. Besides the fact that people can use numerous iGaming sites, Iceland is a place where you can play land-based slots. Even though there aren’t any land-based casinos yet, tourists and local residents can use the so-called “slot halls”. Let’s take a look at everything else we should know about wagering in Iceland.

Interesting facts about betting in Iceland

Before looking at the best betting sites in Iceland, let’s check a few intriguing facts about punting in the country.

  • People can find different land-based slot halls
    Since slots are popular, several places in Iceland are known for providing people with different slots. Although some of them might be old, they allow people to compete for a jackpot.
  • Online betting websites are not explicitly regulated
    As you will see in a bit, Iceland is one country that does not have any special laws regarding online betting sites. This explains why people who live there have access to different kinds of iGaming operators.
  • You are allowed to bet only if you are 18 years old
    Almost every country in the world has a minimum gambling age, and Iceland is not an exception. Here, you have to be at least 18 years old to engage in any gambling activities.
  • The Viking Lotto is popular in the country
    Although online betting has s a lot of fans, some Iceland punters prefer to participate in the Viking Lotto. The latter was created in 1993 and is considered one of the most popular forms of lottery in the country.
  • Some bookmakers accept the local currency ISK
    Having the option to punt using your local currency is always a plus. Even though not every iGaming operator allows people to use ISK, some brands offer Iceland’s local currency.
  • Iceland does not issue casino licenses
    Finding a brick-and-mortar casino in Iceland is not easy. That’s because the country does not issue casino licenses.

Is Gambling Regulated in Iceland?

Yes, gambling is regulated in Iceland because the country has a specific commission responsible for it. It is known as the Iceland Financial Services Authority and should regulate all gambling activities within the country. However, most of the online betting sites you will come across do not have a permit from it.

There are no specific Iceland betting laws regarding online betting means that Icelanders are free to choose from loads of iGaming operators. So, don’t be surprised that some of them offer the local currency and the Icelandic language.

5 of The Best Betting Sites in Iceland

Even though online punters in Iceland can choose from loads of different sites, not all of them are worth it. Fortunately, the five alternatives below have proven to be among the best online betting websites in the country.

#1 Betsson

Home to one of the most innovative betting sections, this iGaming operator has all the bells and whistles people need to have a proper online betting experience. In addition to the betting options, Betsson is notorious for providing several payment alternatives. Thanks to them, punters in Iceland don’t need to worry when making a deposit or withdrawal.

Another thing that some users often take for granted is the brand’s customer support department. Even though you may have to wait a few minutes to get an answer, the people who are a part of the support team will be happy to help you.

homepage of betsson
  • Pros:
  • Safe and easy to use payment options
  • Helpful contact solutions
  • A solid range of markets and good odds for those interested in sports
  • Cons:
  • Usually, there aren’t any betting guides

Visit Betsson

#2 FortuneJack

Known as one of the best cryptocurrency betting platforms, FortuneJack is a hidden gem for online bettors. The operator’s minimalistic design appeals to loads of punters in Iceland, which is why it is among the most popular brands. Although it is mainly known for its sports betting platform, FortuneJack also offers a casino. It even offers a category called “Provably Fair”, where users can experience several unique titles.

Apart from the numerous betting options, people often forget that FortuneJack also has a fully-fledged promo section. The bonuses come in different forms and can be used by sports bettors and casino fans alike.

homepage of fortunejack
  • Pros:
  • World-class betting sections
  • An impressive number of promotions
  • The platform offers cryptocurrencies
  • Cons:
  • No detailed betting guides for sports

Visit FortuneJack

#3 Bet365

This is an international iGaming operator that will probably live up to your expectations. Due to the fact it is accessible in numerous countries, Bet365 knows what people want. Hence, it offers a fully-fledged sportsbook, an impressive casino section, and a separate poker category.

In addition to its betting sections, Bet365 is known for providing some of the top betting features in the business. Thanks to them, people who punt on sports have the option to settle their bet earlier and even watch some matches in real-time. Interestingly, they also have the opportunity to try several attractive promotions, some of which work only if you wager on a specific sport.

homepage of bet365
The screenshot was made at 13:56 on 30.11.2021
  • Pros:
  • Popular betting features for sports punters
  • Several sections to choose from
  • The operator offers its clients the chance to play poker
  • Cons:
  • You won’t find in-depth betting guides

Visit Bet365

#4 Unibet

Unibet is one of the best betting sites in Iceland for a reason. Although it may seem like this is an ordinary iGaming operator, you will see what makes it so special once you take a good look at it. For starters, Unibet is home to the most popular types of betting sections. Besides its attractive sportsbook, the platform offers the latest casino games, bingo, poker, and a section called “Games”.

Unibet is also famous for its in-depth betting guides, easy-to-use payment options, and several mobile applications. The fact that people can bet from their hand makes this the go-to option for many Iceland punters.

homepage of unibet
  • Pros:
  • Mobile applications for Android and iOS
  • Numerous betting sections
  • Detailed guides for most sports
  • Cons:
  • The design won’t be everyone’s cup of tea

Visit Unibet

#5 22bet

People in Iceland who want to punt on sports and are looking for the ultimate gambling operator will eventually come across 22bet. The latter is a well-known name in the industry because it has proven itself over time. Home to an abundance of betting markets, features, and some of the highest odds, 22bet is one industry-leading sportsbook.

Although it is a popular destination for wagering on sports, 22bet offers other things, such as a casino section, bingo, TV Games, Fast Games, and more. What’s even more interesting is that 22bet has a fully-fledged mobile app and a top-rated customer support team.

homepage of 22bet
  • Pros:
  • A wide range of markets and excellent odds
  • Several betting categories
  • Mobile apps for the two leading mobile operating systems
  • Cons:
  • The platform does not offer the Icelandic language

Visit 22bet

Do Online Betting Operators in Iceland Compete Against Each Other?

Yes, online betting operators in Iceland compete against each other because they want to have as many customers as possible. Unlike other European countries, Iceland is small in terms of population. Therefore, betting sites have to compete for every new client.

While it is true that some companies are more popular than others, there isn’t an online betting monopoly. In other words, most brands that operate in Iceland have enough customers.

Which Are The Most Popular Bonuses in Iceland?

The most popular bonuses in Iceland are deposit promotions, cashback, free spins, free bets, and accumulator boosts. Even though most betting platforms in the country do not offer all of the offers mentioned above, some legal betting sites in Iceland will give you access to most of them.

Before deciding which proposal to put to the test, try to learn more about each reward’s conditions. The devil is in the details, which means that you always have to read the rules before choosing an offer.

Do Icelandic Bookmakers Offer Betting Features and Options?

Yes, Icelandic Bookmakers offer betting features and options, such as those mentioned below.

  

Cash Out
Cash Out is a feature that is a part of your bet slip. Although each bookie has its own Cash Out version, this option allows people to settle their bets before the event they’ve wagered on is over. Sometimes, iGaming sites may offer things like a partial Cash Out or an automatic Cash Out.

Live Streaming
Although some brands offer a limited number of Live Streamings, this is an option used by loads of punters on a daily basis. Most people who bet online in Iceland like sports, so the bookies have to implement this feature. Live Streaming does not provide a direct advantage, such as Cash Out. Still, people can watch matches in real-time, allowing them to select the best betting markets for the specific event.

Live Betting
As we’ve already mentioned, Iceland is a country where people like sports. Therefore, bookies who want to operate within this territory need to provide intriguing sports betting features. One of them is known as In-Play or Live Betting, and it lets users wager on live matches. Apart from enhancing people’s overall betting experience, this feature opens the door to new markets and better odds.

Bet Calculator
Even though this feature is not accessible all the time, Bet Calculator might come in handy. Unlike the other features on this list, this one has different versions, depending on the brand. The most common one allows punters to calculate their potential winnings.

The Online Payment Options in Iceland

The online payment methods in Iceland include e-wallets, cryptocurrencies, credit/debit cards, and bank transfers. After you read the Iceland betting tips and choose a bookie, you will have to make a deposit. Hence, one of the first things people need to check before betting is the different payment solutions.

Since most brands that operate in Iceland are available in other countries, they offer popular international payment gateways. E-wallets are probably the most popular options, but many brands allow credit/debit card payments and even digital currencies. Most of the time, making a deposit is instant, whereas withdrawing your winnings takes time.

Besides that, most bookies won’t require you to pay any extra fees; they also offer Iceland’s local currency, known as ISK. Yet, you can also fund your account using EUR, USD, GBP, and other popular currencies.

Interestingly, each iGaming brand has different limits for making a deposit or a withdrawal. Sometimes, these limits might be removed once a given bettor completes the verification process.

Is Mobile Betting in Iceland Popular?

Yes, mobile betting in Iceland is popular. Because most people in the country use smartphones, some online bookmakers and casinos offer dedicated mobile apps for Android and iOS. This allows punters to place bets on sports and play some of the casino games on the go.

Bettors who want to use an application for iOS have to check the App Store and download the file they want to. Unfortunately, Android customers don’t always have this option because most brands have an apk file.

Although the apps have many fans, some betting sites in Iceland only have mobile versions. This means bettors have to use their mobile browsers if they want to punt on the go. The good news is that these sites do not require you to install any files.

Can Bettors in Iceland Access Online Casinos?

Yes, bettors in Iceland can access online casinos, even though its laws do not allow online casinos within its jurisdiction. Due to the different regulating laws in Europe, most of the top-rated online casinos can be accessed in Iceland.

Usually, the iGaming operators accessible in Iceland offer several betting sections, one of which is the online casino. The latter comes as a great addition to the sportsbook because it offers loads of titles. Naturally, these companies work in conjunction with several casino software companies because they want to provide their clients with the best possible products. Speaking of the devil, online casinos offer a variety of slots, table games, jackpots, live casino games, and much more.

Which Sports Do Punters in Iceland Bet On?

The sports that punters in Iceland bet on are listed below, and most of them are popular in many other European countries.

  • Handball
    One of the sports that you can often find Iceland free betting tips for is Handball. This sport has many fans, mainly due to the Icelandic men’s national handball team. Although the players are yet to win the Olympics, it achieved several good results. In fact, the team won the country’s first team Olympic medal in 2008.
  • Football
    The fact that football is the most popular sport in Iceland probably doesn’t come as a surprise. Despite the country’s size, Iceland’s national football team managed to qualify for some of the biggest events in the world, such as the 2018 FIFA World Cup. Suppose you read some popular Iceland soccer betting tips. In that case, you will learn more about the country’s top-tier football league.
  • Basketball
    Even though the Iceland Basketball Association may not be as popular as the NBA, this doesn’t mean the sport doesn’t have a lot of fans in the county. Similar to its football team, Iceland’s national basketball team qualified for some of the biggest events.
  • Athletics
    Thanks to Gunnar Huseby, Athletics quickly became one of the most loved sports in Iceland. This man became one of the first international champions for Iceland. He had an essential role in this sport in the country. Even though bookmakers don’t offer that many markets and features for this sport, some brands in Iceland may give their users loads of alternatives.
  • Volleyball
    Generally speaking, Volleyball is one of the most popular sports in the world, so it shouldn’t come as a surprise it is available in Iceland. Punters in the country usually wager on competitions that take place outside Iceland. However, they can also place bets on their women’s national volleyball league.

The Icelandic Bettor

Since the country is not keen on offering casinos, it shouldn’t surprise that most bettors in Iceland are into sports. The country’s most popular sport is football, which means that the average bettor is interested in it.

Like we’ve already mentioned, people in Iceland like using their smartphones for betting online. Although almost everyone has a handheld device, those who use it for online betting are usually younger.

FAQs About Betting in Iceland

Is online betting legal in Iceland?

No, online betting is illegal in Iceland, but people can freely access international iGaming operators.

Are there any taxes for Icelandic players on their winnings?

No, there are no taxes for Icelandic players on their winnings.

Can I open an account and play in Icelandic krona (ISK)?

Yes, you can open an account and play in Icelandic Krona (ISK), but only if the specific brand offers this currency.

Are there any betting restrictions for Icelandic players?

Yes, there are several restrictions for Icelandic players, most of which are related to land-based betting.

How to access a gambling site in Iceland?

To access a gambling site in Iceland, you need to open it on your browser or use a VPN before that.

Does Iceland have a casino?

No, Iceland does not have a casino because casinos are illegal in the country.

Final Verdict

Iceland is one of the countries with the most beautiful landscapes in the world. Despite its gambling laws, people have access to almost every top-rated gambling platform globally. This means that punters are free to choose the brand they like the most.

Since sports is the go-to option for the average Icelandic bettor, the available brands offer many markets, features, and good odds. However, the best betting sites in Iceland also provide other betting sections. So, it is up to you to decide which brand to put to the test.