Best Online Betting Sites in Iceland | Review 2025

If you are looking for trusted betting sites in Iceland, we have a professional team of editors to provide you with trusted reviews on sports betting in the country. Our reviews include betting odds, sports bonuses, payment methods, and safety features. We offer comprehensive breakdowns of the best sports betting platforms in Iceland for casual and professional players, covering both online betting options and iceland casino online gaming experiences.

Our Top Recommended Betting Sites

Playing at online betting sites in Iceland comes with its benefits and shortcomings. Before choosing the preferred iceland online casino or betting site, you should weigh the advantages and drawbacks in order to make an informed decision.

• IceBet. IceBet is known for fast withdrawals, top-tier football odds, and an online betting app that will allow you to access your favorite games on mobile. It is a decent betting platform for beginners and experts alike.
• Betway. Betway is an online betting platform known for its generous welcome bonuses. You will be provided with full coverage from local leagues to international tournaments.
• 1xbet. 1xbet is a visually sleek and legitimate betting site with great coverage of curling and skiing. It also offers a 24/7 responsive live chat, replying within minutes.
• CoolBet. CoolBet is an online betting site aimed at betting fans across Iceland. Players can bet on ice hockey and winter sports, which go along with the country’s icy landscape. There are also free bets available for returning players.
• NetBet. NetBet is a crypto-friendly betting site that has an instant deposit option and a mobile app to help Icelanders wager anytime, anywhere. The platform allows enhanced privacy for all bettors.

Pros and Cons of Online Betting

Playing at online betting sites in Iceland comes with its benefits and shortcomings. Before choosing the preferred online betting site, you should weigh the advantages and drawbacks in order to make an informed decision.

Pros

• Convenience and accessibility. If you have a modern browser or a sports betting app, you can play from home or wager on the go, depending on your personal preferences. 
• Wide selection of markets. Top Iceland betting sites are exceptionally diverse, offering coverage from football to curling to skiing.
• Bonuses and free bets. Most betting sites have generous welcome bonuses and free bets provided to returning players.
• Live betting and streaming. Real-time odds and in-game betting options make online sports betting engaging for Icelanders.

Cons

• Legal uncertainty. Betting sites in Iceland are not regulated formally. This means the bettors will have to rely on international betting sites that hold offshore licenses.
• Potential for addiction. Without betting limits established, the process of wagering can get out of control. Players should always use responsible gambling tools for extra protection.
• Currency and payment delays. Not all betting sites in Iceland support ISK. This can delay payouts and imply potential FX fees for Iceland bettors.

How Do Betting Sites Work?

Iceland betting sites are digital platforms with players wagering on sports events, tournaments, and entertainment outcomes. After you sign up at an island casino online or betting platform and make a deposit, you are allowed to wager on football, skiing, and live in-play events. The players choose the odds that reflect the most probable outcome. If your prediction is correct, the betting site pays out your winnings according to the amount wagered. Many platforms also offer iceland casino online games alongside their sportsbook features for a complete gaming experience.

Most online sports betting sites in Iceland offer the following features:

• Live betting with odds shifting in real time
• Cashout options with the ability to settle bets early
• Statistics and analytics to guide betting decisions
• Compatibility with desktop and sports betting apps

The best betting sites in Iceland also provide secure payment methods, transparent terms, and customer support to manage your account.

How Do We Rate and Review Betting Sites

Our professional team evaluates all betting sites based on their fairness and functionality. This ensures only the most reliable and legitimate sites are mentioned.

License 

We verify the platform’s license, ensuring the betting sites are regulated by respected bodies like the MGA, UKGC, or Curacao. Betting sites that don’t have valid licenses or hide license information intentionally are not included on our list.

Security

SSL encryption, two-factor authentication, and firewall protection are essential for casino security. We check a betting platform for data handling and player protection software.

Reputation

We examine forums, review sites, and complaint resolution trends to determine whether the platform has a decent history of complaint resolution. We also check for consistently positive feedback from users.

Customer Support

Ideally, customer support options should include round-the-clock assistance, English and Icelandic-speaking agents, and fast resolution options. We also check if the platforms have 24/7 live chat support and email.

Mobile App and Mobile Version

Top sports betting apps should have seamless UX, instant download, and betting functionality. All sites should be optimized for iOS and Android.

Bonuses

We review welcome bonuses, reloads, and free bets. We also evaluate them by fairness, wagering terms, and payout potential.

Payment Methods

A betting platform that aspires to land a place on our list should have a wide range of payment methods, including e-wallets, credit cards, crypto, and ISK. 

Withdrawal and Deposit Speed

Instant deposits and fast payouts are non-negotiable. We test each online betting site for withdrawal delays, cashout reversals, and issues with verification.

Live Betting

Betting should have reliable in-play markets and real-time betting odds. We also check the reliability of the platform’s odds and the bet placement speed.

Odds

We compare the odds that are offered to the industry standards. If the platform has stable odds across different markets like football and hockey, it can boost its ranking.

How to Choose the Best Online Betting Sites

Icelandic players who look for the best sports betting sites in Iceland should find a balance between a site that has reliable odds, secure payments, and rewarding promotions. Here is what you need to pay attention to when searching for top betting platforms online:

• Licensing. You should only play on legitimate betting sites that are licensed by respected authorities like the MGA or UKGC.
• Betting markets. Look for a wide range of sports and leagues, especially ones that matter locally, such as football, curling, and ice hockey.
• Odds quality. Check whether competitive and stable odds at a betting platform have any long-term value and can boost your betting experience.
• Bonuses. Before you sign up, compare welcome offers, free bets, and ongoing promotions. Always read the betting site’s fine print to know the details of every promo.
• Payment options. The best betting sites in Iceland should have your preferred deposit and withdrawal payment methods, including ISK, if possible. 
• User interface and mobile access. Whether you are playing from your browser or a mobile app, the experience should be smooth, seamless, and easy to navigate.
• Customer support. Having a betting platform with a 24/7 live chat and email is a huge plus for any Icelandic punter. 

How to Bet in Iceland Online?

All betting sites in Iceland offer easy registration, with offshore platforms tailored for user-friendly interfaces. Here is how to get started:

1. Choose a legitimate betting site. Pick one of our recommended Iceland betting sites with proper licensing, secure payments, and reliable odds.
2. Create an account. Find the Sign Up button and provide your personal details. Most online betting sites in Iceland expect players to verify their age and provide a valid email and phone number.
3. Make your first deposit. You can make a deposit using credit cards, e-wallets, or crypto. Some sports betting sites in Iceland support ISK and convert currencies automatically.
4. Claim your bonus. Unlock a welcome bonus, such as a deposit match or free bets. Make sure you know the minimum deposit allowed for the bonus.
5. Search betting markets. Choose your preferred betting market or sport (football, skiing, or ice hockey). Check the available odds for Icelandic players.
6. Place your bet. Click on the odds and enter your preferred bet. Confirm your bet and start your sports betting in Iceland.

The Most Popular Sport to Bet in Iceland

Iceland’s small size and population do not stop the country from having a passionate sports culture. This is clearly reflected in the sports betting trends that are popular with the locals. The best online betting sites in Iceland will have the following sports available:

Football

Football is the most popular sport for betting in Iceland. You can bet on the local league, search for international teams, try the English Premier League, or pick UEFA tournaments for over, under, and live in-play odds. The top betting sites will have competitive odds and real-life updates for more relevance.

Skiing

Given Iceland’s wintry landscapes, it comes as no surprise that skiing has an honorary place on the list of the most popular sports for betting. Online betting sites offer extensive markets for alpine, Nordic, and freestyle events, especially during the Winter Olympics. Many sports betting apps feature ski-specific promotions for players.

Curling

Curling is more of a niche sport than more popular ones like skiing and football, yet it still has a loyal following in Iceland. The best betting sites in the country will offer live odds and pre-match odds for dedicated players.

Ice Hockey

Ice hockey is a close second to football in its overall popularity. It is especially common for Icelanders to wager on hockey during NHL and IIHF tournaments. Players can try options like period betting, total goals, and player props.

Best Betting Bonuses in Iceland

Bonuses are one of the biggest attractions at an online betting site. Below are the most common and valuable promotions you will find.

Welcome Offers

The welcome bonus is the most common and popular bonus offer at Iceland betting sites. Icelandic users can expect offers in cash and free bets. These are ideal for getting started with minimal risk if you are a first-timer.

Deposit Bonus

Many Icelandic betting sites want their players to make a comeback and deposit more funds in their betting accounts. A deposit bonus for returning players will extend your bankroll and allow you to place more in-game bets.

Free Bets

Free bets are wagers that have a fixed amount. They can be placed with minimal risks and are often introduced as a part of the welcome package. In some cases, free bets can be used for special events like the World Cup betting.

Cashback Offers

Cashback offers at betting sites in Iceland act like a safety net for most players who need to be reimbursed for their financial losses over time. This is where cashback deals come in handy, compensating the bettors for their previous attempts at in-play odds.

VIP Offers

High rollers at legitimate betting sites are often provided with personalized promotions. Other VIP bet features include priority-free bet drops and a personal account manager.

Popular Payment and Withdrawal Methods

Choosing an online betting site in Iceland enables players to select the most reliable banking options with a wide range of local and international methods. Below are the most commonly used and popular options:

Credit and Debit Cards

Visa and Mastercard remain the best mainstream payment methods for Iceland bettors looking for instant deposits. Credit and debit cards are also good for instant bonus activation and take around 2-3 business days to withdraw.

E-Wallets

Speed and low fees make Skrill and Neteller the bettors’ favorites on most online betting apps and platforms. Withdrawals are also fast, ranging anywhere between 12 and 24 hours for standard bet cashouts.

Bank Transfers

A legitimate betting site will have bank wires available to players who want to withdraw an especially large amount. Note that bank transfers are usually the slowest and can take up to 7 days to be processed by your local bank. However, they are perfect for players who are reluctant to use cards for cashouts. 

Cryptocurrencies

Many newer betting sites in Iceland add cryptocurrencies to their withdrawal methods, knowing they are heavily appreciated for near-instant cashout options and heightened privacy. Also, platforms that advertise themselves as crypto-friendly often come with special bonuses for players using crypto for payments.

Prepaid Vouchers

If you want to keep your bank information private, you should use prepaid vouchers for fast deposits. Keep in mind, however, that prepaid vouchers cannot be used for fund withdrawals. 

Mobile Payments

Some online betting sites support carrier billing or Apple Pay. This enables players to make instant deposits and withdrawals straight from their smartphones.

How to Deposit at Online Betting Sites

Once you’ve signed up at an online betting site, go to the platform’s deposit section. Choose your preferred payment method (digital wallet, credit card, crypto) and enter the desired amount. Most deposits are processed instantly, allowing you to start placing bets right away. Check whether the amount you deposit aligns with the minimum deposit limits at the betting sites.

How to Withdraw at Online Betting Sites

Once you’ve completed identity verification, head over to the withdrawal section of the casino and choose a withdrawal method from the available list of payments. Enter the preferred amount and confirm your withdrawals. Credit card withdrawals are processed within several days. Crypto withdrawals usually take one hour, while bank transfers might be processed within one business week.

Responsible Gambling

Online betting offers excitement and potential rewards, but it’s also important to engage in it responsibly. Players are encouraged to use built-in tools for additional security, reach out to international helplines, and seek external support to maintain a healthy relationship with gambling and avoid any gambling-related harm tied to overspending. Some of the most common responsible gambling features are listed below:

Setting Deposit Limits

You can navigate your account settings and set daily, weekly, and monthly caps for how much you are allowed to spend at a betting site. This helps you stay within a budget and gamble with a sense of awareness.

Self-Exclusion Tools

Most betting sites in Iceland with a legitimate license have temporary self-exclusion tools that allow you to block access to your betting account for a set amount of time. This tool helps you stay in control when wagering in Iceland.

Responsible Play Resources

Many betting sites have links to educational materials and third-party helplines to assist players in battling their gambling addiction. These tools are essential for a mindful online experience at Iceland betting platforms.

FAQ

Which betting site gives a bonus on registration without a deposit?

Check platforms like ArcticBet or IcePlay365 for no-deposit bonuses. These casinos occasionally offer bonus amounts that don’t require the players to make a deposit in advance.

How does live betting work?

Live betting is the process of placing in-play wagers during ongoing matches or events. Odds are updated in real time based on the outcome of the game and the player’s betting preferences.

How to make sports bets?

Sign up at a legitimate betting site, make a deposit, and place your first sports bet. To accomplish this, select your match, click the odds, enter your wager, and confirm the bet.

Is it safe to bet online?

If you choose legal betting sites licensed by MGA or Curacao, your betting experience will be completely safe and secure. Look for platforms that have regular audits, betting fairness, and identity verification.

How to find the best betting website in Iceland?

Look for betting sites with a positive reputation and consistently good reviews from players online. Always choose sites that have helpful support and bonuses tailored to Icelandic players.

Is online betting legal in Iceland?

Online betting in Iceland is not regulated locally. However, players can always access offshore online betting sites legally, as the country’s legal system does not restrict individuals from playing casually at online sites.