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In this guide, we will provide you with everything you need to bet safely in Iceland. This includes important legal information, an overview of the best platforms, descriptions of bonuses and promotions, a list of top mobile apps, and more.
Full List of Iceland Betting Sites
In order to find the top betting sites in Iceland, our experts conducted a comprehensive analysis of all the available options. This included checking the license and reputation, comparing the odds with market leaders, calculating the value of bonuses, and looking into sports coverage. While the local operator was also considered, we discovered that it offers an underwhelming experience compared to international platforms.
Check out the full list of the best Icelandic betting sites and learn more about companies that received the highest marks in our review:
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4.2
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125% up to $1250
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4.4
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100% up to $500
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4.3
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4.2
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200% Welcome Bonus
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4.2
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4.3
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Up to 25% bonus on the first deposit | 10% weekly cashback | NO KYC | Unlimited withdrawals
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4.2
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Welcome Bonus 500% on the first deposit + 400 FS
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4.1
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3+1 in Free Bets
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4.4
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100% up to u₿50000
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4.2
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First Deposit Bonus 125% up to $1000
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BetWinner
BetWinner provides over 40 sports markets and a variety of pre-match and in-play events. So, you have no shortage of options in this bookmaker. BetWinner is also very competitive when it comes to odds on most games, especially on markets like Match Winner and Asian Handicap, with odds over 98%. You can view the odds in American odds or decimal format. Live betting is allowed on the site, as well as live streaming for most sports so you can watch the matches.
You’ll find the most popular and niche sports in BetWinner. Options like horse racing, greyhound, football, Formula 1, golf, and many more are present. Speaking of bet types, you can go for options like single win, totals, and props. BetWinner offers a mobile-friendly platform. You can place your bets directly on the website or download the Android and iOS apps.
1win
1win is one of the most reliable online betting sites in Iceland, and it shows. The platform was rebranded to its current name in 2018 and has since become a top option for bettors. What makes it ideal? Well, it has fair odds, vast betting markets, and generous welcome bonuses. The operator has a license from the government of Curacao, which clears any doubt about whether it’s legit or not.
The 1win website offers a smooth and stress-free betting process. Every sports category and betting market is properly arranged. Not to mention that the bookie has a native mobile app for iOS and Android devices. As for making payments, 1win has you covered with most of the top payment options for Iceland. You can use options like debit/credit cards, PayPal, Skrill, and bank transfers.
Megapari
Since it came into the Icelandic betting industry in 2019, Megapari has made a name for itself by offering diverse betting markets. So, it’s no surprise that most bettors visit the site to place bets on various sports and events. This sportsbook is rich with over 35 sports categories, with options like tennis, baseball, cricket, football, and more all available. Are you a fan of Esports? The bookie has you covered as well. Games like Dota 2, League of Legends, Rainbow Six, and Overwatch are available.
If you want to place your bets without stress, Megapari is the place to be. We say this because the website is clean and has no clutter. Finding your preferred betting markets and sports is as simple as ABC. There’s a menu bar that can take you to sections like sports, bonuses, and other important aspects. Should you need help or have questions, know that customer support is always your friend. You can reach out to them via email or live chat.
Paripesa
Many Icelandic bettors love using Paripesa since it’s an established and reputable online bookmaker. Our checks confirm that this site holds a license from the government of Curacao. This is an indication that you have nothing to worry about when using it. It’s quite safe as well, with multiple security tools in place to keep your data and transactions secure.
Paripesa has several cool features to keep your experience top-notch. For one, you can live stream certain matches on the platform while placing in-play bets. There's also a cash out feature to let you settle bets early and take part of your winnings. As for bonuses, Paripesa showers you with a couple of generous offers and promotions. You can get a 100% deposit bonus of up to $100 after signing up with the site. It also has special offers and referral bonuses for existing users.
Betandyou
Launched in 2010, Betandyou is known as a leading bookmaker for betting on various sports events in Iceland. If you want an operator with generous bonuses and a modern website, this is the platform for you. No wonder many bettors see this bookie as their go-to. As for the sports categories, you have over 40 events to choose from, including football, handball, horse racing, volleyball, and basketball.
The bonuses available at Betandyou are quite impressive, to say the least. If you want some of the best free bet offers in Iceland, you can count on this site. Beginning with the welcome offer, you can get a 100% bonus when you create an account with the platform and make a first deposit. Existing users have cashback, accumulator boosts, birthday bonuses, and many more. Betandyou’s customer support team is available 24/7 via live chat and email to assist you in any way.
888Starz
Our list of the best betting companies in Iceland won’t be complete without mentioning 888Starz. Even though the site is new, it has gained the attention of many bettors in the country. The reason is that this bookie has fair odds, a wide variety of betting options, and cool offers. 888Starz has a stamp of approval from the government of Curacao since it meets all the standards for a top betting platform.
When using the 888Starz website, you can easily find all the sports events and place your bets. It has a nice bet slip layout, and you can add other games to your picks relatively easily. You can place bets on everything from football and basketball to tennis and ice hockey. The Esports section is also loaded with options like PUBG, WarCraft III, Valorant, and more. 888Starz makes certain you have a smooth process when it comes to payments. Paypal, Skrill, bank transfers, and credit/debit cards are all available.
SpinBetter
Are you in search of a top bookmaker that has most of the Icelandic betting markets and international events? Try SpinBetter. Modern website, generous bonuses, swift payments—these and more are what you can expect from this sportsbook. The lobby of over 40 sports events means you’ll always find something to bet on. Even better, you can bet on these events via in-play and pre-match markets.
In case you wonder if SpinBetter is legit or not, we can assure you that it is a hundred percent a legal site. This platform is licensed in Curacao and uses several security technologies. For those wanting to contact customer support, you can do so via email and live chat. The FAQ section can be very useful, too, with topics including bonuses, payment, and accounts.
MyStake
When using MyStake, you can expect to bet on most sports events happening in Iceland and beyond. Since this sportsbook started in 2019, users have mostly had positive things to say about it. The customer support is reliable, and you also have many betting features that can make your experience smooth. We can confirm that MyStake has a license from the Anjouan government, as well as multiple security and responsible betting features.
MyStake has multiple interesting bonuses and promotions for new and existing users. You can take advantage of the sports welcome bonus offer and crypto deposit bonus for new punters. Existing bettors have over ten ongoing bonuses to bet on sports. With these offers, you can bet on multiple sports events. MyStake is one of the top ice hockey online betting sites, but it also covers other sports like basketball, basketball, cricket, and tennis, just to name a few.
MagicWin
MagicWin is still a new sportsbook that launched in 2022. Many bettors in Iceland now use this platform because it continues to get better with its betting options and offers. There are over 34 different sports events available on this site, meaning that you won't easily run out of options. Want to bet on the local Icelandic leagues and international? This bookie has you covered with all the popular and niche events.
The betting features in MagicWin make it an even better platform. Its in-play betting section is seamless, allowing you to bet on ongoing events without hassle. This section has stats and updates, and the odds update in a flash to reflect what's happening in the field. You can also settle some bets early using the cash out feature. MagicWin has a reliable customer support team that is available 24/7 to provide help. You can contact them through email or live chat.
20Bets
20Bets is a rather popular sports betting site with good odds and quality features. The platform is somewhat new, kicking off in 2022, and has since enhanced its offers for an excellent user experience. That is the reason why many of the bettors in the country see it as the best way to bet their money. 20Bets is licensed under the government of Curaçao. This indicates a lot regarding exactly how trusted as well as reputable the sportsbook is.
In terms of betting markets, 20Bets offers a huge variety of choices. In other words, most of the common events you can bet on will be available in one way or another here. Over 27 types of sports are present: cricket, ice hockey, basketball, tennis, and more. When it’s time to make deposits and withdrawals, 20Bets has your back with popular options like e-wallets, bank transfers, and cards. Most importantly, transactions are completed swiftly.
How We Choose the Best Betting Sites
When determining the quality of betting experience provided by the sportsbook, we considered several criteria. You can learn more about our process by visiting our betting knowledge hub and going through the criteria descriptions below:
| Criteria | Explanation |
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| Safety and Security | The first thing we check is licensing. We look for licenses from top organizations like the Curacao Gaming Board, the UK Gambling Commission, and the Malta Gaming Authority. Any of these authorities giving a stamp of approval indicates the bookie is legit. We also check for platforms with security tools and protocols like 2FA and SSL encryption. |
| Free Bets, Bonuses, and Promotions | The best betting sites in Iceland stand out from the competition by providing bonuses for new and existing users. We look for diverse incentives like a welcome bonus, free bets, cashback, and reloads. Also, the terms and conditions of these offers should be friendly for punters. |
| Different Betting Types | We only recommend platforms that cover popular and niche sports. The bookie should also have worthwhile selections of markets and include totals, over/under, point spread, outright, player props, and futures. |
| Odds and Lines | While reviewing the best sports betting site in Iceland, we check the odds and lines across various competitions. The platforms with a top margin of between 2% to 4% are prioritized. The average payout should be high as well, preferably between 96% to 98%. |
| Sports and Leagues | The best sportsbooks in Iceland ensure that you have plenty of sports and leagues to choose from. They need to cover the local Icelandic leagues as well as international events. The top football competitions, such as the UEFA Champions League, Premier League, Serie A, and La Liga, are a must. Punters also need to be able to browse high-profile leagues like the NBA, NHL, and NFL. |
| In-play Betting & Live Streaming | Bettors in Iceland like to place wagers while the match is ongoing. This is why we consider sites that have a top in-play section and update odds in real time to mirror what’s going on in the game. We also give top marks to bookies that provide live streaming features. |
| Betting Apps and Mobile Platforms | In Iceland, betting apps allow you to get into action at all times. That’s why our top picks need to provide dedicated apps for Android and iOS devices. Having a top mobile site is important as well. We prefer platforms that let you place wagers quickly and easily through your browser. |
| Customer Service | We only choose sites with 24/7 customer support. Punters need to have various contact options at their disposal, including live chat, email, and telephone. It’s also important that the support team is responsive, knowledgeable, and friendly. |
Bonuses and Promotions for Online Betting in Iceland
When betting in Iceland, users can choose between various bonuses and promotions, including welcome offers, deposit bonuses, cashback, and free wagers.
Check out the most attractive betting promotions in Iceland and learn how to take advantage of them:
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4.2
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125% up to $1250
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Claim Bonus | New customers only! Get 125% bonus up to $1250 on your First Deposit! Full T&Cs apply |
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4.4
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100% up to $500
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Claim Bonus | New customers only! Please bet responsibly, begambleaware.org. 18+. Full T&Cs apply. |
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4.3
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Claim Bonus | - |
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4.2
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200% Welcome Bonus
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Claim Bonus | Join today and make a deposit to receive an incredible 200% Welcome Bonus. Play responsibly. Full T&Cs apply. |
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4.2
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Rakeboost bonus
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Claim Bonus | Rakeback is a withdrawable bonus that is accrued for each bet and depends on your current Rank. Please bet responsibly, begambleaware.org. 18+. Full T&Cs apply. |
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4.3
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Up to 25% bonus on the first deposit | 10% weekly cashback | NO KYC | Unlimited withdrawals
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Claim Bonus | New customers only! Full T&Cs apply |
Deposit Bonuses
The top sports betting sites in Iceland offer deposit bonuses, also known as reload bonuses, to punters. As part of the deal, the bookmaker will match a percentage of your deposit (up to a predetermined amount) as a bonus. This incentive is available to new and existing users. For example, the sportsbook will give bettors a 100% bonus on a deposit made on a certain day of the week.
Welcome Offers
This is one of the most common sports betting offers in Iceland. Only new users who have just created an account with the platform are eligible for it. Bookmakers offer their welcome bonus in the form of a deposit match. When you fund your account for the first time with the set minimum amount, the operator will credit you with bonus funds. Some sites may offer you a 100% deposit match up to a certain amount, and others have 150% welcome bonuses on your first three deposits.
Free Bets
You’ll find multiple free betting sites in Iceland that let you stake on events without spending real money. This offer can be tied to high-profile competitions and games or be available when you meet the platform’s conditions. Free bets in Iceland usually have high wagering requirements.
Cashback
With cashback bonuses, bookmakers will give you back a percentage of the losses you incurred from your wagers. This incentive usually comes as a weekly or monthly package. Some sites offer up to 20% weekly cashback.
VIP Offers
This promotion rewards loyal and active bettors. Many bookies provide VIP offers with multiple levels; the higher you climb, the better the bonuses. You can ascend the tiers by racking up points when you deposit and place your wagers. Members of the program get various special betting bonuses in Iceland, like a dedicated account manager, reloads, birthday bonuses, and more.
The Most Popular Sports for Betting in Iceland
Popular sports among bettors in Iceland are football, handball, basketball, athletics, ice hockey, and chess. The offshore bookies that target the locals usually offer great coverage of these events with an exceptional selection of markets.
Learn more about the most common options for sports gambling in Iceland:
Football
Football remains the undisputed number one betting sport in the country. The domestic league Besta deild Karla attracts a great deal of attention from the locals. International competitions like the UEFA Champions League, Premier League, Bundesliga, and La Liga also have a significant following. Top sportsbooks provide a wide range of wagering options like outright, double chance, over/under, and totals on goals, cards, and corners.
Handball
The country has a long history of indoor handball, so it’s not surprising that it’s a top option for many wagerers. Most sportsbooks provide betting markets on Olis Deildin, the top-tier handball competition in Iceland. Locals can also find events from other top European handball leagues, the EHF Champions League, and tournaments like the IHF World Championship and the Summer Olympics.
Basketball
Basketball has attracted a lot of attention in the country in recent years. The success of the national team, which became a regular feature at EuroBasket, played a significant role. On the best Iceland betting sites, users can find odds and markets for the domestic Icelandic Basketball League and major competitions like the NBA and EuroLeague.
Athletics
Icelanders enjoy betting on various track and field events, although not all bookies provide this option. The major competitions like the Olympic Games and World Championships attract the most wagering activity. Other tournaments like the Diamond League are also closely followed.
Live Betting in Iceland
All the top sportsbooks that have a presence in the country offer an in-play platform. Punters can use it to place bets on ongoing events. The section is usually prominently featured at the site’s home page as a “Live” tab. By clicking on it, you can browse through all games that are underway at that moment. You’ll see the odds change steadily as the matches play out.
In Iceland, betting sites often provide live trackers and statistics updates to help you know everything that’s going on in the field. Others offer live streaming, allowing punters to watch games in real time and make their wagering experience more exciting.
Mobile Betting Sites & Betting Apps in Iceland
Most online bookmakers in Iceland provide a mobile-friendly website that is easy to use. You can access these platforms using the browser on your Android or iOS devices. The top bookies offer a smooth experience thanks to optimized mobile sites. Their pages load fast, as long as your internet connection is strong, and you can use all the functions and features available on the desktop version.
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100% up to u₿50000
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Bet £10 get 40 in free bets
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Apps are also another important feature that quality sportsbooks must have. They’re usually the best option for mobile betting in Iceland because they allow you to access your account with a single click and place wagers while on the go. Most sites offer native apps for Android and iOS.
Popular Deposit & Withdrawal Methods
When betting in Iceland with the domestic operator, locals can only use debit/credit cards and bank transfers for deposits and withdrawals. Most residents favor offshore sites because they provide them with an abundance of additional payment methods like e-wallets, prepaid cards, and cryptocurrency.
Here are some options you can use in the best sports betting sites of Iceland:
Debit/Credit Cards
Every top online betting site in Iceland will allow you to deposit and withdraw using various cards like Visa and Mastercard. They’re popular among bettors because they’re safe and have few fees. However, local banks are known to block transactions with international gambling platforms. An alternative option is to use cards issued by digital banks like Revolut.
Skrill and Neteller
Skrill and Neteller are favored payment methods for Iceland bet fans. They are accepted by almost every offshore bookmaker and provide quick and safe transactions. The only knock on these e-wallets is that they charge fees.
Direct Bank Transfer
Some bettors still love going the direct bank transfer route. This option is safe and is best when making larger deposit and withdrawal transactions. The only downside is that bank transfers take a longer time to complete, usually between 1-3 days. Also, some banks in Iceland won’t allow gambling transactions with international sportsbooks.
Cryptocurrencies
Offshore bookies in Iceland allow punters to deposit and withdraw with cryptocurrencies. This is an ideal option if you value anonymity and privacy and need quick and safe transactions. Most frequently supported crypto tokens are Bitcoin, Ripple, Ethereum, Litecoin, and Dogecoin.
The Regulation of Sports Betting in Iceland & the Gambling Environment
The gambling industry in Iceland is strictly regulated. Articles 183 and 184 of the General Penal Code, which were added in 1998, prohibit almost all gambling apart from charitable lotteries, bingo, and a small number of electronic gambling machines. The only legal operators are closely linked local companies Íslenskar Getraunir and Íslenskar Getspá, which are required to contribute to charities and sports activities.
Íslenskar Getraunir offers sports betting with limited markets, and Íslenskar Getspá runs a lottery business. The Ministry of Justice is the main regulatory body; the District Commissioner of South Iceland is in charge of issuing lottery licenses.
Online betting in Iceland isn’t regulated by the current law. Offshore bookies are considered illegal, but there is no enforcement except for occasional locking of financial transactions. Locals can use the services of international operators without any legal consequences.
The History of Gambling in Iceland
Iceland made all forms of gambling illegal in 1926, adding provisions to the General Penal Code. In 1952, Íslensk Getspá was established as a lottery provider. In 1972, an exemption was given to Íslenskar Getraunir for sports betting. The operator was founded by Act on Sweepstakes No. 59/1972 with an obligation to use the proceeds for funding sports activities and charitable initiatives.
In 1998, the General Penal Code was amended to reinforce restrictions on gambling. In 2005, the country passed the Law on Lotteries (Lög um happdrætti), No. 38/2005. This introduced licenses for lotteries and sports betting while reiterating the requirement to use the proceeds to fund charities, sports organizations, and other public projects.
The Future of the Iceland Betting Market
Due to the rise of interest in betting and the use of offshore platforms, the government considered changing its approach to gambling on several occasions. In the late 2000s, there was interest in opening the market, but it didn’t result in concrete moves. The country also contemplated adopting the approach from the European Union, but eventually decided to keep the current regulation.
There are ongoing discussions about modernizing Iceland’s approach to gambling at the moment. However, the process is slow, meaning that local punters will likely continue favoring offshore platforms for years to come.
Bottom Line
Our guide shows that you’ll have plenty of options if you want to place a bet in Iceland. Use the advice of our experts to pick out the best bookie. Make sure to go through the features and offers, and also consider the license, odds, and betting variety.
The fastest way to find what you’re looking for is to test out our top recommendations. Register an account, make the first deposit, and see what they have to offer. Just remember to gamble responsibly and use RG tools at your disposal.
Need a trusted bookie in Iceland?
