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Best Betting Sites in Iceland
Enjoy top-notch gambling experiences at the best betting sites in Iceland. Even though the country's current law prohibits most forms of gambling, players can still explore online betting sites and enjoy competitive odds at some of the best sports betting sites. Many international sports betting sites provide online sports betting access to players in the country. You can join these foreign online sports betting sites to start your next gambling adventure.
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The Best Betting Sites in Iceland 2025
Popular
- Various sports events with live betting
- A crypto bookmaker with unique bonuses
- Separate VIP and loyalty programmes
- Various tournaments available
- Limited sportsbook promotions
- No native mobile app
Odds Margin: 96%
Extra Features: Bonuses, Casino, Tournaments, VIP Programme
Payment Methods: Binance Pay, Bitcoin, Dash, Dogecoin, Ethereum, Litecoin, Solana, Tether, Tron
18+ | Gamble responsibly | GambleAware.org | T&C’s apply
Trusted
- The loyalty program gives enticing rewards to regular bettors.
- Cryptocurrency transactions offer various perks.
- 24/7 phone, email, and live chat support.
- Small withdrawal fee.
- No live streaming.
- There could be more betting markets.
Odds Margin: 95%
Extra Features: Bonuses, Cash Out Func., Live Streaming, Odds Boost, Tournaments, VIP Programme
Payment Methods: American Express, Bank Transfer, Bitcoin, Ethereum, Litecoin, MasterCard, Visa
18+ | Gamble responsibly | GambleAware.org | T&C’s apply
New Bonus
- The sign-up offer gives you bonus funds on your first three deposits.
- Wide range of bonuses for existing customers.
- Many pre-match betting markets to choose from.
- You can make only one withdrawal request in seven days.
- No mobile betting app.
- No live streaming.
Odds Margin: 93%
Extra Features: Casino, Tournaments, VIP Programme
Payment Methods: American Express, Bitcoin, ecoPayz, Litecoin, MasterCard, Paysafecard, Visa
18+ | Gamble responsibly | GambleAware.org | T&C’s apply
Popular
- Crypto-friendly sportsbook
- Fast withdrawals
- No payment fees
- No phone support
Odds Margin: 93%
Extra Features: Bonuses, Casino, Mobile App, VIP Programme
Payment Methods: Binance Pay, Bitcoin, Dash, Dogecoin, Ethereum, Litecoin, Ripple, Stellar, Sticpay, Tether
18+ | Gamble responsibly | GambleAware.org | T&C’s apply
Great Deal
- Easy to navigate
- Cryptocurrencies supported
- High maximum cashout
- No mobile application
- Promo offers could be better
Odds Margin: 92%
Extra Features: Bonuses, Cash Out Func., Casino, Tournaments, VIP Programme
Payment Methods: Bitcoin, Dash, Dogecoin, Ethereum, Litecoin, MasterCard, Monero, Ripple, Solana, Tether, Visa
18+ | Gamble responsibly | GambleAware.org | T&C’s apply
Sports Betting Regulation in Iceland
The government in Iceland has maintained a strong stance against the legalisation of Iceland betting sites and other forms of online gambling. Since 1926, most forms of gambling in the country have been technically illegal, prohibiting the establishment of gambling sites. However, non-profit gambling establishments aren't considered illegal, but no licenses have been issued to allow full operations of Iceland online betting sites.
Despite being considered illegal, bettors can still try their luck on offshore online bookmakers from the age of 18. This allows you to engage in different activities and increases your potential of claiming multiple gambling winnings without worrying about breaking the law. This is possible because of the 2016 EU Court of Justice ruling and the fact that the government isn't interested in blocking international operators.
For Icelandic punters, exploring offshore betting sites is common practice. Most of these platforms are licenced by reputable bodies, such as the United Kingdom Gambling Commission and the Malta Gaming Authority. Additionally, mobile betting dominates the Icelandic market. Online sportsbooks catering to Icelandic bettors prioritise mobile compatibility.
Future Projection
State-own lottery and fixed odds betting sites are active in Iceland, but they don't offer players a variety of options, especially for players who want to explore different online gambling activities. Land-based gambling, slot machines, and betting online also run in the country despite the current law. Even without a structured or regulated gambling market, betting is popular in the country. Many punters turn their attention to international sites. Given the potential revenue left unchecked, we might see changes in the gambling laws soon. We believe there are parties in the government that will look to push for gambling legislation to ensure a more controlled market by Icelandic authorities.
Key Facts & Stats About Betting in Iceland
- Annual Growth Rate: Despite Iceland not having a structured gambling market, the industry has recorded a remarkable year-on-year growth rate. Statista estimated that the industry might see a growth rate of 7.41% between 2024 and 2029.
- Industry Growth: Since Iceland doesn't have a regulated online betting market, it is difficult to quantify the industry’s growth over the years. However, some reports speculate on a constant growth rate.
- Betting Frequency: Although there are no concrete reports on the country's betting frequency, it is speculated that the country has more casual bettors, who might make up as much as 75% of the total betting population.
- Purpose of Betting: Like in many parts of the world, most Icelandic bettors are presumed to bet for entertainment purposes rather than business.
- Popular Sports: Football is the most popular sport in Iceland. It is followed by Basketball, Handball, and Winter Sports.
How to Pick the Best Icelandic Bookmaker
Step
1
Safety and Licence
Step
2
Market Coverage and Betting Opportunities
Step
3
Bonus Offers and Promotions
Step
4
Online Reputation and Customer Service
How We Compare and Rank Betting Sites in Iceland
When comparing and ranking Iceland betting sites, we prioritise various factors to ensure players have a safe and rewarding experience. From examining security measures to evaluating welcome offers and promotions, our goal is to provide comprehensive insights into the best options available.
Licence / Security
Whenever we want to compare and rank betting sites, we usually check for security measures to ensure players will be safe joining the platform. We look for encryption techniques and evaluate the security system before proceeding. With that, we can tell if the site is safe to join. Also, we look at the site's licence to ensure players won't be joining a site that isn't regulated. Since Iceland doesn't have a sports betting licencing authority, bettors have to look outside for gambling opportunities.
Welcome Offer
Promotions & Free Bets
Odds & Value
Popular Payment Methods for Icelandic Betting Sites
You need a suitable payment method if you want to place bets at Iceland betting sites. Fortunately, most of the top gambling platforms provide players with access to top-notch payment options that allow them to complete transactions without hassle. These options can vary from one site to another, but there are a few common types you'll find on most betting platforms. We've highlighted a few below.
Cryptocurrencies
Iceland is one of the many countries that have embraced cryptocurrencies and is one of the most ideal countries for the industry. Undoubtedly, cryptocurrencies provide an excellent gambling opportunity to players, allowing you to complete transactions instantly and for free at betting sites. Once you understand how it works, you won't have issues using it to complete the transactions you want. All you need to do is find a suitable betting site or foreign that allows you to use the option and provides you with multiple crypto payment methods to choose from.Below are some of the most popular options to consider.
There are other options you can consider, depending on the platform you decide to join. Some betting sites even offer special cryptocurrency bonuses that allow you to play with extra money or free spins once you complete transactions using the option.
Bank-Based Methods
Even without the betting legal status, players who access foreign lotteries and sports betting platforms can use bank-based payment methods. If you're looking for a convenient way that doesn't require you to create a third-party account, you might want to consider these options. They provide players with excellent options that allow them to explore different exciting gambling experiences. With bank-based methods, you can easily deposit using your bank account. You won't have to worry about third parties because these options use bank-level security.
Some popular types of bank-based methods include the following:
Pick a betting site that supports your preferred bank-based method and complete transactions easily. You can start your journey of placing bets on Icelandic football and other sporting tournaments once you complete the deposit process. However, you should keep in mind that when you use these methods, you most likely won't be able to use them as your preferred withdrawal method. So, you'll need to consider another payment method for withdrawals when the time comes.
E-Wallets
Using e-wallet options is also convenient for Icelandic punters. These payment methods provide perfect services for bettors who don't want to deal with the volatility of cryptocurrencies or want to use their banks directly. With e-wallets, all you need to do is completing the registration process and fund your wallet. Once your wallet is funded, you can easily get started with depositing using your e-wallet service provider. The good thing is that deposits are instant with e-wallets. Another exciting part is that you can withdraw money easily when you use these payment methods. Below are a few top-notch options you can consider at various online betting platforms.
Most Popular Sports to Bet on in Iceland
Sports betting in Iceland offers a dynamic range of options for enthusiasts. Football dominates the scene, followed by the growing popularity of handball and basketball. With a fervent passion for sports ingrained in Icelandic culture, betting on these beloved pastimes adds an extra layer of excitement and engagement.
- Football (Soccer): Football is the most popular sport in Iceland. Many punters place bets on Icelandic football leagues and other international competitions. It is speculated that football accounts for about 80% of the total market activity.
- Handball: Handball is another popular sport to bet on in Iceland, although it is not as popular as football. The popularity of handball continues to grow, and we expect to see it gain more attention.
- Basketball: This sport is more popular among the younger demographics with betting on the NBA becoming more popular. Basketball is also growing locally, with many local leagues and stars gaining more attention.
Most Trusted Betting Sites in Iceland
Iceland might not have an official gambling market, but online betting is quite popular among people in the country. Most bettors focus on offshore platforms and pick from some of the best international sports betting sites. You can join this large community of bettors to enjoy the excitement that comes with playing online. The only problem is that you'll have to find a top-notch site if you want the best experience. But don't worry; we've got you covered. Our experts have reviewed and picked some of the most trusted betting sites in Iceland. You can check the table below to select one from the list and start your next betting adventure today!
Conclusion
The current Icelandic laws don't allow for proper regulations on gambling or provide a structure for these activities. However, gambling is popular in the country. Bettors find offshore betting platforms to join so they can place bets on Iceland football and other sports. With betting popular in the country, we now have many top-notch international betting sites that offer Icelandic bettors gambling opportunities, making it easy for players to get started. All you need to do is find the right brand to join. To reduce the stress of searching for top-notch sites to pick, you can check out Betpack's top Iceland betting sites list. Pick one and start your betting journey.
