Best Betting Sites in Iceland 2024

Sports fans all over the world are increasingly turning to online betting. Recent advances in betting alternatives have helped propel the sports betting business to new heights. Football, soccer, and many more major sports are all available for legal sports betting online.

In light of this, we have compiled this guide detailing the best betting sites in each country.


Best Iceland Betting Sites (2024)

Rank Bookmaker Rating Bonus Get bonus
100% Welcome Bonus up to 22339 ISK
PlayRead review
100% first deposit bonus up to 15070 ISK
PlayRead review
100% welcome bonus up to 18000 ISK
PlayRead review
Welcome Bonus up to 100 EUR
PlayRead review
100% welcome bonus up to 15070 ISK
PlayRead review
100% welcome bonus up to 150700 ISK
PlayRead review

What You Will Find in This Article?

Here, you’ll discover detailed information to help you select the best bookmaker.

List of Best Bookmakers for Punter from Iceland

We analysed them based on payment methods offered and promotions given to new and existing players.

Latest Betting Bonuses in Iceland

  • Bonus
    100% welcome bonus of up to 14100 ISK
    For new players arriving at MegaPari, an amazing welcome bonus awaits you all. It’s a wonderful opportunity for new players…

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
🌍 CountryIceland
👌 LanguageIcelandic
💶 CurrencyIcelandic Króna
⚽ ️Popular sportsFootball, Handball, Golf
⚖️ Is betting legal?No
🕵️‍♂️ Gaming RegulatorThe Icelandic Financial services authority
📃 Gambling tax18%
💳 Most popular payment methodsMastercard, Visa, Maestro, PayPal, Apple Pay

List of the Safest Bookmakers

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 bookmaker

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. 

Bet365 Betting Site

🌐 Official Website

🎁 Welcome Bonus

100% up to 15000 ISK

⚽️ Sports


💳 Payment Methods

Bank Transfer, Credit or Debit cards, PayPal, Interac, Apple Pay, PaySafecard, Wire Transfer

➡️ Minimum Deposit

750 ISK

⬅️ Minimum Withdrawal

750 ISK

  • Bet365 hosts various sports betting markets that cut through all major leagues in the world, including the Iceland Premier League and Iceland 1 Deild.
  • This platform offers live-streaming services to punters
  • Impressive website optimization features guarantee access to the platform’s services on the go
  • Customer support services are not always reliable


William Hill

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.

William Hill Betting Site

🌐 Official Website

🎁 Welcome Bonus

6000 ISK in free bets

⚽️ Sports


💳 Payment Methods

Paysafe, Neosurf, PayPal, Skrill, NETELLER, ecoPayz, Kalibra/Postpay, William Hill PLUS Card

➡️ Minimum Deposit

750 ISK

⬅️ Minimum Withdrawal

750 ISK

  • With coverage of over 30 sports events, William Hill boasts of an offering of thrilling betting lines on a variety of leagues, including the Icelandic Urvalsdeild and Olis Deildein.
  • William Hill has prepared an offering of mobile applications to its users
  • Thrilling selection of sports-exclusive bonuses for new and returning punters
  • William Hill is not available in the native language




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. 

Unibet Betting Site

🌐 Official Website

🎁 Welcome Bonus

28150 ISK back if your 1st bet isn’t a winner

⚽️ Sports


💳 Payment Methods

Credit/Debit cards, e-Wallets, Bank Transfer

➡️ Minimum Deposit

1500 ISK

⬅️ Minimum Withdrawal

2260 ISK

  • Live streaming services for registered players
  • Impressive website optimization for mobile devices
  • Unibet is duly licensed by the Malta Gaming Authority
  • Low coverage of Icelandic local leagues
  • Unibet is not available in the native language



NetBet bookmaker

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.

NetBet Betting Site

🌐 Official Website

🎁 Welcome Bonus

700 ISK in free bet

⚽️ Sports


💳 Payment Methods

Credit/Debit cards, e-Wallets, Bank Transfer, PayPal, Bank Wire, Cheque

➡️ Minimum Deposit

750 ISK

⬅️ Minimum Withdrawal

1500 ISK

  • Coverage of top-tier leagues and local leagues, including the Deild and Urvalsdeild, all offering a variety of betting options.
  • Competitive odds on in-play betting lines
  • NetBet’s services are licensed by the Malta Gaming Authority
  • NetBet is not available in the Native language
  • Live chat is only available between 08:00 to 22:00 GMT.



Parimatch bookmaker

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.

PariMatch Betting Site

🌐 Official Website

🎁 Welcome Bonus

4520 ISK

⚽️ Sports


💳 Payment Methods

Visa, Maestro, MasterCard, Visa FastFunds

➡️ Minimum Deposit

750 ISK

⬅️ Minimum Withdrawal

1500 ISK

  • Coverage of over 20 popular leagues
  • Friendly and helpful customer support agents
  • Thrilling in-play betting options
  • Low coverage of Icelandic local leagues

How We Rank Bookies in Iceland?

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

  • 1


    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


    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.

List of the Best Online Bookmakers in Iceland

Best Betting Sites
♻️ Best Bookmaker for CashoutBet365
⚡️ Best Online Bookmaker for Instant PayoutsIce Casino
🤑 Best Online Bookmaker for FreeBetUnibet
🎮 Best Online Bookmaker for Game VarietyBetsson
🎩 Best Online Bookmaker for Live BettingBet365
🎯Best Online Bookmaker for Innovation22Bet
💡Best Online Bookmaker for Sports BettingFotuneJack

Tips for Advanced Punters

  1. Shop for the best lines. When you’re ready to bet on a team, you should check multiple sportsbooks to choose the best line.
  2. 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 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.

General Information about Bonuses in Iceland

Info about Betting Bonuses
🔥 Non-GamStop Gambling SitesAvailable
🔥 Reviewed Sports Sites50+
🔥 Listed Bookmakers Without GamStop25+
🔥 Popular GamesFootball, Handball, Golf
🔥 Best Betting SitesBet365, 22bet, 1xBet
🔥 Min Wagering Ratex1
🔥 Featured Bookie1xBet

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.


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


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.

  1. British fractional odds measure how much was bet in relation to the amount earned (profit).
  2. The amount won for every $1 bet is represented by European decimal odds.
  3. 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. 

  1. Bet365
  2. Luckster
  3. Mr Green
  4. 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.

James Akerele
James is a copywriter and iGaming expert with a wealth of experience in online casino gaming, sports betting and crypto. He believes every reader needs access to the right information provided in an engaging way.
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FAQ. Frequently Asked Questions about bookmakers in Iceland
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