Online gambling in Iceland is the favourite of many people from the country. A large part of the bettors in Iceland prefer to access online gambling platforms to place wagers on the most popular sports. There are lots of betting sites that accept players from Iceland and offer competitive gambling services.
Top Iceland Betting Sites
To be able to benefit from the best betting services, players from Iceland need to access only reputable online operators with an established reputation in the industry. But the betting sites need to combine lots of important features to be ranked on top positions. Here, we will present to you a list of the best betting sites in Iceland that boast the best overall performance.
NordicBet
As its name may suggest, NordicBet is an online betting operator that focuses its services on players from countries like Iceland. NordicBet is a European operator and was first established in 2002. Besides, it has an operating license from Malta which allows it to offer its services legitimately. In other words, it is a trusted and secure operator.
As an online betting platform, NordicBet boasts a huge number of pre-match events monthly. Players from Iceland who access NordicBet can use features such as cashout and bet builder. The live streaming services of the operator is well-managed, offering even better options to those who prefer to place live bets.
- Advantages:
- Many pre-match events
- Great live streaming
- Cashout is available
- Bret builder
- Disadvantages:
- The quick bet feature is unavailable
- Fees on card payments
Bet365
Some online bookies have managed to establish a great reputation. There is hardly any bettors who have not heard about Bet365. This operator operates in the iGaming industry since 2000. Moreover, it is a trusted betting site with several licenses from Gibraltar, Malta and the UKGC. Bet365 accepts players from almost every European country, including Iceland.
Bet365 has lots of options to surprise its customers with. However, we may say that it is quite convenient for football lovers who are looking for the best features. There are lots of markets for the main football leagues and matches. Besides, Bet365 offers very high odds for the main sports events as well.
- Advantages:
- The betting limits are high
- Great live streaming quality
- Fast withdrawals
- Partial and auto cashout
- Disadvantages:
- The website can be slower sometimes
- Less competitive odds for secondary leagues
22Bet
Lots of new operators manage to make a breakthrough in the iGaming market. Without a doubt, 22Bet is one of them. Since its launch in 2017, it quickly showed great potential, and many online bettors started to use its services. 22Bet is licensed from Curacao, and its services can be accessed by players all over the globe.
Players from Iceland who choose 22Bet will be able to enjoy some of the top-rated online betting features that are currently available. One of the attractive advantages of 22Bet is its multi-live streaming feature that can provide players from Iceland with great options for live betting. The Quick Bet and the Edit My Bet options are yet another great thing about the services of 22Bet.
- Advantages:
- Cashout is available
- Excellent multi live streaming
- Lots of payment methods
- A vast range of sports
- Disadvantages:
- Longer payouts
- Lower betting limits
FortuneJack
FortuneJack is yet another online betting site that ranks among the new operators who are highly appreciated in many European countries. It operates since 2014 and has a valid license from Curacao. Moreover, FortuneJack is also a crypto gambling site which makes it even more attractive to players in Iceland who love to gamble with virtual currencies.
Being a crypto-oriented online bookie, FortuneJack attracts the majority of online bettors with its quick and secure money transactions. Moreover, all withdrawals are free of charge. Thus, this operator ranks in top positions in terms of convenience. Among the other advantages are the cashout feature and the relatively high odds offered for the major sports events.
- Advantages:
- Accepts various cryptocurrencies
- Secure money transactions
- Quick withdrawals
- Cashout option
- Disadvantages:
- Lack of other popular currencies
- Live streaming is not available
Why Online Betting in Iceland is Popular?
The gambling market in Iceland is regulated, and many forms of betting activities are restricted. This is the reason why players in Iceland prefer to bet online, accessing the international gambling platform that offers online betting services. The government of the country has banned almost all forms of betting activities to lower the risk of problem gambling issues across residents of the country.
However, bettors from Iceland who still want to gamble are not permitted from accessing online betting sites and place wagers. Therefore, online betting in Iceland is the major option for players in the country to enjoy betting on their favourite sports events.
Is it Legal to Bet Online in Iceland?
According to the gambling regulations in Iceland, online gambling in the country is considered illegal. However, this rather means that country-based betting sites are not allowed to offer gambling services to players in the country. However, the laws do not restrict punters from Iceland to access international betting sites and place wagers on popular sports events. Many online operators accept players from the country and the top bookmakers that we have outlined are among the most preferred ones in Iceland.
More Facts About Betting in Iceland
As we already mentioned, Iceland is rather conservative when it comes to different types of gambling activities. There are no land-based gambling establishments on the territory of the country. Only a few locations are authorised to offer slot machines. Card games, including poker, in Iceland are not allowed. There are no betting points as well. Moreover, online gambling in the country is also restricted, and, therefore, there are no Iceland-based betting sites authorized to provide services.
But this does not mean that punters in Iceland can not gamble online. International betting sites that are not registered in the country remain the only opportunity for players in Iceland. Punters in the country can access the offshore betting sites, register and place wagers.
Are Icelandic players restricted by some bookmakers?
Iceland players are not restricted by the majority of online bookmakers. Punters from Iceland are not restricted from accessing online gambling platforms and using their services. As long as the operators are not based in Iceland, players from the country can gamble. The list of online betting sites in Iceland that we have outlined includes only reputable operators with valid gambling licenses. However, you need to know that, still, there is a limited number of betting sites that may not accept players from Iceland to avoid any eventual prosecutions and sanctions on behalf of Iceland gambling laws.
More Facts About Gambling in Iceland
- Currency
Iceland has its official currency – it is the Icelandic Krona. Its name has a similar origin to other Nordic currencies like the Swedish krone or the Norwegian crone that were also included in the Scandinavian Monetary Union. “Icelandic crown” is also used for the country’s currency. ISK is the main abbreviation of the Iceland krona. - Population
Iceland is an island country and is rather isolated from the continental part of Europe. The population of the country numbers around 370,580, according to the latest surveys from 2021. There are not many ethnic groups in Iceland, and 89% of the population is Icelandic. There are 5% Polish and only 1% Lithuanians. - Active players
Gambling in Iceland is heavily regulated, and almost all forms of gambling activities are not legal. Besides, the population of the Nordic island country is not that big. Therefore, the number of active players in Iceland is a bit limited to those in other countries from continental Europe. Nonetheless, there are lots of punters in Iceland who want to enjoy gambling in the new betting sites in Iceland. - Regulatory authority
Like many other developed European countries, Iceland regulates its gambling markets accordingly. However, since most gambling activities are not allowed, there is no special gambling regulatory organisation in the country. The official institution that is responsible for the regulation of any gaming activities is the Financial Services Authority of Iceland. - Licensed gambling products
Just a few types of gambling activities are allowed in Iceland. Most forms of gambling in the country are restricted. However, there are a few gaming activities that are allowed only on licensed and regulated land-based establishments. Lotteries in Iceland can be operated only after a special allowance by the District Commissioner. Only a limited number of establishments that are allowed to serve alcohol can be permitted to offer gaming machines. - Types of operators
Online gambling in Iceland is not allowed. This means that the country will not offer a licence to any online operator based in the country that wants to accept players in Iceland. However, the gambling laws in Iceland can not imply any restrictions to customers who want to access offshore operators that accept players from Iceland.
What to Watch for When Choosing the Right Betting Site?
To be sure that you will access a betting site that is not a scam, you need to watch for several major elements. As online betting in Iceland is only available through international gambling sites, proper licensing is crucial. You always need to check whether the betting site you choose to access is licensed only by reputable international gambling regulatory organisations. The next step is to compare the odds for the major sports events that the top bookmakers.
Besides, be sure that the operators offer the most attractive betting sites bonus offers. Keep in mind that some online bookies may offer special bonuses for Iceland customers. Last but not least, check the list of available betting markets and other features that will make your betting experience better, such as cashout, live streaming, etc.
Are There Bonuses for Icelandic Players
Many bettors in Iceland also want to punt with a bonus. The good news is that the operators that we have included in our list of online betting sites in Iceland offer attractive betting promotions. However, not all of them offer dedicated bonuses for Iceland customers. Nonetheless, if you wonder where to bet in Iceland, keep in mind that some of the top international operators may stand out with exciting betting sites bonus offers that can also be claimed by punters in Iceland.
What Are the Most Popular Sports to Bet on in Iceland
Like many other punters in Europe, bettors from Iceland love to place wagers on many different sports. Of course, football is among the most popular sports. But Iceland is a Nordic country and, therefore, other sports such as ice skiing, ice hockey, ski jumping or biathlon are also extremely popular. Here is a list of the top sports offered by many of the new betting sites in Iceland:
- Football
- Basketball
- Ice Hockey
- Ski Jumping
- Skiing
- Biathlon
- Badminton
- Cricket
- Boxing
- MMA
- Formula 1
- Tennis
- Rugby
- Baseball
Is Mobile Betting in Iceland Popular
Yes, mobile betting in Iceland is also extremely popular. Online betting sites are the only alternative to punters in Iceland who want to place wagers on the internet. And, the top bookmakers also offer their services on the go through their mobile site versions or dedicated mobile apps. Many punters from Iceland also prefer to bet using their mobile devices.
Are Online Casinos Popular in Iceland?
Yes, gamblers in Iceland also like to access online casinos and play the most attractive online casino games. The best online casinos that operate internationally are also beloved by lots of gamblers in Iceland. Slots are the most popular online casino games in the country, together with table games like roulette, blackjack or poker. Live dealer games are also often top pics.
What are the Supported Payment Methods
The top bookmakers for Iceland support various types of payment methods. Credit and debit cards such as Visa and Mastercard are often used. However, players in Iceland often prefer to gamble using e-wallets such as PayPal, Neteller or Skrill. Some of the operators from our list of online betting sites in Iceland also support cryptocurrencies such as Bitcoins.
No, players from Iceland who involve in online gambling games at the international top bookmakers do not have to pay taxes on any winnings generated from gambling.
FAQs
What are the best betting sites in Iceland?
Players in Iceland can access offshore betting sites and place wagers. There are no state-based gambling sites. Therefore, the top bookmakers that we have outlined are the best alternative.
How to punt at the new betting sites in Iceland?
The list of online betting sites in Iceland include operators that are rather new to the iGaming industry. But accessing them is simple and easy. To bet online, players from Iceland simply need to register and deposit.
What are the most popular sports that players in Iceland like to bet on?
Punters from Iceland prefer many of the most popular sports like football and basketball. But ice hockey, biathlon and skiing are also among the most enjoyed sports in the country.
Do the top bookmakers in Iceland offer high odds?
Yes, the list of online betting sites in Iceland includes only reputable operators with proven reliability. In most cases, they offer highly competitive odds for major sports matches and leagues.
Do the Iceland betting sites offer bonuses to players in the country?
Yes, most of the betting operators that accept players from the country offer attractive betting sites bonus offers that punters can claim. However, not many of the operators offer dedicated bonuses for Iceland customers.
Do the top bookmakers in Iceland offer Bitcoins?
Not all betting sites in Iceland offer cryptocurrencies. However, some of the new betting sites support virtual currencies, including Bitcoin.
Can punters in Iceland access the top bookmakers on the go?
Yes, bettors from Iceland can place wagers through their mobile devices. The top bookmakers can be accessed on the go either through their mobile site versions or through dedicated mobile apps.
Final Thoughts
Gambling in Iceland is restricted, and the country does not allow many of the most beloved gambling activities. However, online betting in Iceland is popular, and many punters are eager to place wagers online. The list of online betting sites in Iceland is the best alternative to players in the country who still want to punt online.
