Where can I find the best odds and lines?

No betting service regularly offers the best odds and lines for all betting markets. You can always get the best odds and lines by checking what is offered at various sites before placing a bet.

Is there a minimum deposit requirement?

The required minimum deposit varies by website and deposit method.

How do I find out if a website has a licence?

Most licensed and regulated sites display licence information at the bottom of each website page.

Is it legal to bet on sports online?

The answer to this question depends on your location as well as the location of the websites you use. Whether you can legally place an online bet depends on the local laws in your nation.

Which withdrawal process is the quickest?

Although this varies by operator, e-wallets are the fastest.

Iceland Top Betting Sites ➧【Best Bookmakers 2024】

Best Iceland Betting Sites (2024)

Rank	Bookmaker	Rating	Bonus	Get bonus
1	Ivibet	4.5/5	100% Welcome Bonus up to 22339 ISK	Play Read review
2	MegaPari	4.8/5	100% first deposit bonus up to 15070 ISK	Play Read review
3	22Bet	4.5/5	100% welcome bonus up to 18000 ISK	Play Read review
4	1xBet	4.5/5	Welcome Bonus up to 100 EUR	Play Read review
5	20Bet	4.8/5	100% welcome bonus up to 15070 ISK	Play Read review
6	888Starz	4.8/5	100% welcome bonus up to 150700 ISK	Play Read review

How Sportsbooks Are Regulated in Iceland?

The Criminal Code's Articles 183 and 184 currently govern gambling in Iceland. These laws, which were introduced in 1998, state that organizing, engaging in, and participating in gambling are illegal. Gambling machines that are close to gas stations or pubs became authorized in the nation in 1994.

Lotteries are another legal format. Only one company, the Icelandic Lottery University, has received a gaming license from the Icelandic Parliament (Alting). It is possible for other businesses to apply for a license from the Ministry of Justice to run lotteries and coordinate the activities of bookies. The nation also has lenslensk Getspágetraunir, which focuses on lotteries and sports betting, in addition to the primary operator.

How Sports Betting are regulated in Iceland

🌍 Country	Iceland
👌 Language	Icelandic
💶 Currency	Icelandic Króna
⚽ ️Popular sports	Football, Handball, Golf
⚖️ Is betting legal?	No
🕵️‍♂️ Gaming Regulator	The Icelandic Financial services authority
📃 Gambling tax	18%
💳 Most popular payment methods	Mastercard, Visa, Maestro, PayPal, Apple Pay

Top 5 Betting Sites in Iceland

Plenty of bookies online are offering their services, making it challenging to determine which one is the best. That’s why we’ve produced the below list of the best sports betting site available in your country.

Bet365

Bet365 is a household name among seasoned gamblers. The bet365 sign-up bonus is one of the most generous in the betting agencies industry, with the minimum deposit being one of the lowest you’ll find. Some of the most interesting and diverse sports markets are offered by bet365.

William Hill

William Hill has risen to the number two spot in our rankings, thanks in large part to the fantastic welcome offer it is presently running. There is a great deal of free racing coverage and tempting daily offers, ranging from wager boosts to a free Scratch of the Day promotion.

Unibet

Unibet is one of the top-tier online betting platforms. Its sign-up bonus is enough to set it out as a serious rival to the greatest sites on the market. Numerous new markets, including statistics-based ones used at some of the biggest football events, have been introduced to the sportsbook’s site.

NetBet

Although NetBet is best recognized for its world-class casino, the quality of its bookmaker should not be overlooked. It also has a very strong sportsbook, which deserves more attention. The markets are vast and dynamic, and the bookie’s services are always evolving to meet the demands of customers.

Parimatch

PariMatch has quickly gained popularity among bettors because of its generous sign-up offer. The site is a cutting-edge sportsbook that provides punters with everything they could want, including a wide variety of markets to bet sports on and generous promotions for returning customers.

How We Rank Bookies in Iceland?

We provide our ratings for sports betting sites based on several criteria, such as those listed below.

1
License
When rating a sports betting site, we place a high value on the site’s reputation. We check for gambling commission licenses and SSL certificates to assure a 100% secure betting experience. Therefore, only legal bookmakers make it to our list. The following are the most reputable gambling authorities:
1. MGA (Malta Gaming Authority)
Founded: 2001
Headquarters: Malta
Employees:132
Founded: 2007
2. United Kingdom Gambling Commission (UKGC)
Founded: 2007
Headquarters: United Kingdom
Employees: 350+ employees
3. Kahnawake Gaming Commission
Founded: 1996
Headquarters: Kahnawake
Employees: 3
2
Odds and Payout Percentage
Bettors place a strong emphasis on the best odds and payout percentages, with many customers seeking the best odds available to maximize the winnings they get from successful bets. This is an important feature that we look for in the best betting sites.
3
Variety of Betting Markets
We check to see if the sportsbooks provide various betting markets and events. The number of markets that are offered inside the big sporting events is also something we emphasize.
4
Betting Offers
When signing up for a new betting site, one of the most important things we look for is a generous welcome bonus and promotions for existing players. We also make sure the wagering requirements and terms and conditions are reasonable.
5
Payment Methods
All the top betting sites accept a wide variety of e-wallets, debit cards, and cryptocurrencies for deposits and withdrawals. Most clients care deeply about how quickly they can get their money back into their accounts after making a withdrawal.
6
Betting Features
A few of the features we consider are the variety of bets offered, the accessibility of the site (mobile and desktop versions), and the quality of the live betting interface.

How to Find the Best Betting Sites in Iceland

Every bettor wants to have the best experience while betting online and strives to maximize their winnings. However, they have to check out a few factors while choosing betting sites online. Consider the following when looking for the best betting site in your country.

Examine the payout, odds, and lines
step 1
It is important to conduct some research and check out reviews before committing to an online bookmaker because the odds, lines and payout can vary greatly among them.
Check Out the Promotions and Bonuses
step 2
Taking advantage of a bookmaker’s substantial welcome bonus is a terrific way to get started. The best betting sites typically provide multiple bonus options. Examples include deposit matches, free bets, bet credits, accumulators, and cashback.
Types of Bets Available
step 3
Several of the best betting sites provide their customers with a diverse selection of bets so that they may remain competitive. See if they offer standard options like Singles, parlays, lines, and exotics, along with more distinctive bets.
Security point
step 4
Before starting, you need to check whether the bookmaker has a license and a good defense in case of cyber-attacks, because only this assures that your personal and bank data will be protected. This information is always available on the main page of the bookie.

Tips for Advanced Punters

Shop for the best lines. When you’re ready to bet on a team, you should check multiple sportsbooks to choose the best line.
A sports bettor can make a bet opposite to their previous bet. Future bets where the odds on your bet move considerably in your favour are one example of when hedging is suitable. By Middling, punters can potentially win both bets.

Popular Sport Types

Here are just a few examples of the different types of sports bets you can place with the sites on our recommended list.

Moneylines

Moneylines are the most popular and easy-to-place bets. When using the Moneyline, a bet is placed on the winning team.

Point Spread

Point spread betting involves betting on a team’s final margin of victory. The minus symbol represents the underdog, whereas the plus sign represents the favourite.

Total Line Bets

The goal of this bet is to correctly forecast whether the final score will be under or above a specified point total, which is based on the sum of each team’s point totals.

Parlay Bets

Multiple picks are bundled into one bet, called a parlay. It can range from a minimum of two choices up to the maximum number that a particular bookmaker will accept (10-12 picks).

Popular Bonus Types

We’ll go over the most popular sportsbook bonuses in this section.

Welcome Bonus

This is something you can expect at all sportsbooks. It is a reward meant to welcome you to the site. Most frequently, it takes the form of a deposit match on your first deposit or deposits that are up to a certain amount.

Free Bets

Online sportsbooks offer a unique bonus called free bets, which can be compared to betting coupons that can only be used on events that the bookmaker has already set.

Reload Bonus

This bonus is available if you reload your account with new funds. Existing players are eligible for reload bonuses, which are awarded after a period of inactivity during which no bets were placed.

Top 5 Sports Betting Mobile Apps

The following is a list of the top 5 sports betting apps available.

#1 Unibet

Almost any sports market you can think of is available on the Unibet App, and the UI is praised for being simple to use. The company broadcasts thousands of events each year so that bettors can use their mobile devices to watch games while they bet on them.

#2 Bet365

When it comes to betting apps, bet365 is the go-to platform. The mobile sports betting app offers a diverse range of premium features, such as the ability to change unsettled multi-bets or withdraw winnings. It also offers top-notch sign-up bonuses.

#3 Parimatch

PariMatch is widely recognized as one of the most reliable online betting apps. The PariMatch app is available for sports lovers to download on their iOS or Android devices. More so than many of its competitors, this program supports multiple languages.

#4 MegaPari

MegaPari app has become increasingly popular for those who like to wager while on the go. This Curacao-licensed sportsbook features a vast choice of betting markets. With its many fantastic features, the MegaPari app gives users the option to bet using cryptocurrencies.

#5 Dafabet

Dafabet is a highly reputable betting app that works throughout Asia and several other markets worldwide. The Dafabet app is easy to navigate, regardless of the device being used to place bets, so players can quickly and easily switch between pages.

Live Betting

The term live betting refers to wagering on a game or race as it is being played. Most online betting sites provide live betting, but the experience varies widely.

There are betting sites that only let you wager in real-time, and there are others that provide a fully-fledged live betting platform where you can see in-game statistics, analysis, commentary, and even a virtual live representation of the game.

Live betting is exciting because it allows bets to be placed, adjusted, and cashed out during the action.

Best Bookies for Live Betting

We recommend the following bookies for live betting. These platforms have enormous betting choices; a fantastic live betting platform, a huge welcome bonus, and a variety of easy payment options.

Popular Payment Methods

Bank transfer

Bank transfers are popular among bettors. It’s a reliable way to fund and access online betting accounts. Bank transfers aren’t the fastest payment method, but they’re still effective.

Credit/debit cards

These are the most widely used methods of online payment, particularly at betting sites. Anybody can use a credit or debit card from Visa/Mastercard to make deposits and withdrawals from a bookmaker.

E-wallets

In the world of online sports betting sites, some of the most popular e-wallet options include Skrill, QIWI, Webmoney, and Jeton Wallet.

Cryptocurrency

Cryptocurrencies such as Bitcoin and Ethereum have quickly risen to prominence as betting industry favourites. They’re safe and quick ways to fund a player’s account. Cryptocurrencies promote safe financial transactions through the blockchain.

Which Sportsbook Has the Best Odds?

Sport betting odds can be presented in one of the three formats mentioned below.

British fractional odds measure how much was bet in relation to the amount earned (profit).
The amount won for every $1 bet is represented by European decimal odds.
American money line odds can be read as either the amount wagered to win $200 or the amount one would win for every $200 bet, depending on whether the sign is negative or positive.

If you’re looking for a sportsbook with the best odds on all your favourite sports, go no further than our list of bookies below.

Bet365
Luckster
Mr Green
William Hill

For example, Bet365 has an average of 1.40 odds for a match between Manchester City vs Manchester United, with the city being the favourite.

FAQ. Frequently Asked Questions about bookmakers in Iceland

Where can I find the best odds and lines?
No betting service regularly offers the best odds and lines for all betting markets. You can always get the best odds and lines by checking what is offered at various sites before placing a bet.
Is there a minimum deposit requirement?
The required minimum deposit varies by website and deposit method.
How do I find out if a website has a licence?
Most licensed and regulated sites display licence information at the bottom of each website page.
Is it legal to bet on sports online?
The answer to this question depends on your location as well as the location of the websites you use. Whether you can legally place an online bet depends on the local laws in your nation.
Which withdrawal process is the quickest?
Although this varies by operator, e-wallets are the fastest.

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🌐 Official Website	bet365.com
🎁 Welcome Bonus	100% up to 15000 ISK
⚽️ Sports	30+
💳 Payment Methods	Bank Transfer, Credit or Debit cards, PayPal, Interac, Apple Pay, PaySafecard, Wire Transfer
➡️ Minimum Deposit	750 ISK
⬅️ Minimum Withdrawal	750 ISK

🌐 Official Website	williamhill.com
🎁 Welcome Bonus	6000 ISK in free bets
⚽️ Sports	30+
💳 Payment Methods	Paysafe, Neosurf, PayPal, Skrill, NETELLER, ecoPayz, Kalibra/Postpay, William Hill PLUS Card
➡️ Minimum Deposit	750 ISK
⬅️ Minimum Withdrawal	750 ISK

🌐 Official Website	unibet.com
🎁 Welcome Bonus	28150 ISK back if your 1st bet isn’t a winner
⚽️ Sports	25+
💳 Payment Methods	Credit/Debit cards, e-Wallets, Bank Transfer
➡️ Minimum Deposit	1500 ISK
⬅️ Minimum Withdrawal	2260 ISK

🌐 Official Website	sport.netbet.com
🎁 Welcome Bonus	700 ISK in free bet
⚽️ Sports	25+
💳 Payment Methods	Credit/Debit cards, e-Wallets, Bank Transfer, PayPal, Bank Wire, Cheque
➡️ Minimum Deposit	750 ISK
⬅️ Minimum Withdrawal	1500 ISK

🌐 Official Website	parimatch.com
🎁 Welcome Bonus	4520 ISK
⚽️ Sports	30+
💳 Payment Methods	Visa, Maestro, MasterCard, Visa FastFunds
➡️ Minimum Deposit	750 ISK
⬅️ Minimum Withdrawal	1500 ISK