The Best Betting Sites in Iceland: The Comprehensive Guide

Why Trust SnotraHouse?

With so many betting site reviews online, it’s normal to view our claims with some skepticism. But the fact remains that no sportsbook review site can hold a candle to SnotraHouse when it comes to picking out the best betting sites. This is due to our meticulous review process that entails:

• Licensing: Our team ensures that the betting site’s license is complete, down to its licensing authority, number, and badge. The question is: why risk betting at a betting site with no licensing history?
• Security: The lack of secure payments affects bettors’ motivation, so our team’s job is to ensure payments are speedily processed to the right betting accounts. The same goes for user information: it should be tightly guarded with SSL encryption.
• Fair Play: We don’t want to bet on our favourite teams and then hear that our wager is toast because a top player got an early injury. Will your stake be refunded or otherwise? We only recommend betting sites that offer a refund.
• Responsible Gambling: With gambling regulators across the EU tightening the rules, critics can only follow suit. So, the use of betting tools like the self-assessment test, deposit, wager, and loss limits, and self-exclusion tools are undebatable.
• Bettors’ Feedback: Which bookmaker has earned a positive rep among bettors for processing timely payouts? Additonally, do bettors complement the online sportsbook’s bonus rules as being fair? After reviewing bettors’ claims in forums and communities, we recommend the gambling sites with the best reps.
• Currencies Available: While major currencies such as euros and dollars are widely accepted, ISK is prioritized because we’re Icelandic bettors. For one, betting in your local currency lets you avoid conversion fees.

Highlights of the Best Icelandic Betting Sites

• Deposits & payouts start from 10 $
• Use familiar payment options like Skrill
• Bettors don’t have to pay tax on their winnings
• Betting sites aren’t legalized to operate in Iceland

Can I Legally Bet Gambling Sites in Iceland?

Gambling is illegal in Iceland due to the Criminal Code Act passed in 1940. And while there have been many amendments over the years, the general consensus among law makers is that legalizing gambling will increase addiction to betting.

Can I Legally Gamble in Iceland at 18?

Yes, the legal gambling age in Iceland is 18 years — similar to the legal age limit in the UK.

Iceland’s Gambling History

Iceland’s gambling situation can be summarized by the legal acts the government has passed over decades. Thus, the following timeline highlights all of the gambling laws passed in the country.

1926 Is for The Lotteries and Tombola’s Act

The Lotteries and Tombola’s Act was passed in 1926 to prohibit all forms of gambling in Iceland. This includes a ban on all types of casino card games, such as baccarat, poker, roulette, and blackjack.

1933: The University of Iceland’s Lottery

Seven years after the Lotteries and Tombola’s Act was passed, the University of Iceland launched its own lottery system. While this contradicted the 1926 Act, the lottery was given leeway on the condition that 80% of the revenue generated from the lottery would be kept to run the university.

1940 Is for The Criminal Code

The Criminal Code was passed in 1940 which penalizes bettors who bet for real money. It was passed to dissuade would-be gamblers from betting in Iceland. Acts 183 and 184 basically dictates that,

“It is a punishable offence to engage in gambling and betting on a professional basis, to encourage others to participate in these activities, and to derive direct or indirect income from having the activities take place on one’s premises.”

1972-1986: Sports Lotteries Are Legalized

In 1972, the Lotteries and Tombola’s Act was laid back to allow pool-based sport lotteries to run. However, it wasn’t until 1986 that the first sports lottery was launched. The jurisdiction of these sports lotteries organizers was later extended to online sports betting and bingo.

1994: Casino Games Take the First Step into Iceland

It wasn’t until 1994 that the prohibition of slot machines in Iceland was relaxed. This is the first Act legalizing land-based gambling in Iceland. The only condition was that the revenue from the slots would be donated to charity.

2016: The Criminal Code Act Is Amended

Ever since the Criminal Code Act was passed in 1940, it has been revised many times since then to make way for one form of gambling or the other.

2025: Online Gambling Remains Prohibited

Except for the unique forms of gambling that we iterated above, gambling is not permitted in Iceland to date.

Do You Have to Pay Taxes on Your Winnings?

According to Act 183 and 184, gambling is prohibited in Iceland. So, you’re not expected to pay taxes on your winnings because the government doesn’t recognize betting as a source of income. If there’s a change in policies in the future, we’ll update this article to reflect it.

Will Iceland Ever Legalize Online Betting Sites?

Iceland may eventually legalize online betting sites because of mounting pressure, due to:

• Extra Tax Revenue: The government is losing tax because many citizens are gambling at offshore betting sites instead of digital sportsbooks licensed by Iceland.
• Bettor’s Safety: To safeguard its citizens, Iceland may need to legalize online gambling in the region. This way, the government can regulate each sportsbook’s operation and services, thereby ensuring bettors play games with untampered RTPs and can claim bonuses with fair wagering requirements.
• Curbing Money Laundering: Besides the issue of gambling addiction, money laundering is also a major concern. Legalizing online betting will help the government curb this issue.

Nonetheless, the legalization of online gambling in Iceland is purely speculative at this point. If you plan on joining an international online bookmaker, it’s imperative that you bet responsibly. This is where responsible gambling tools, like deposit and loss limits step in to help.

Key Stats About Gambling in Iceland

Below are some remarkable facts about Iceland you might want to know about.

• According to Iceland Review, each adult Icelanders spend an average of 525 $ on gambling per year.
• Icelandic bettors are spending over 134,000,000 $ on gambling yearly at offshore betting sites, as reported by iGaming Today. That’s equivalent to 20 billion ISK.
• About 1% of Icelanders are addicted to gambling. And around 2–3% of Icelandic bettors are moderately addicted to gambling, as noted to Casino Guardian.
• As reported by Research Gate, around 56.6% of Icelandic adolescents aged 13–18 have gambled in the last year. About 24.3% of that figure have gambled online in the same timespan.

The Best 15 Betting Sites in Iceland

International bookmakers are turning their sights on Iceland, so choosing from the dozens of online sportsbooks available is tricky. However, regardless if you’re a fan of football parlays or you prefer betting on tennis matches as they unfold, our list of the top 15 Icelandic betting sites has a bookmaker just for you. Sounds good? Dive into the list now.

22Bet: Best for Betting in Islenska

22Bet is among the few betting sites that are accessible in Islenska. You can go on an amazing tour of the 50+ sports and their events in your native language. If you’re a foreigner instead, the online bookmaker’s sports markets is also available in English. This includes over/under betting markets for football, and handicap bets for ice hockey.

BillyBets: Ideal for Regular Sports Bonuses

To be fair, your sports betting experience would be incomplete without several deals to accompany you. Especially as there are 30+ sports to consider when staking. So, besides the FTD offer of up to 100 $, you can redeem a mix of bonuses, such as:

• Accumulator Boosts: Win extra cash every time you win a parlay bet comprising threeselections with odds of 1.40 each.
• A Cashback Bonus: This is a cashback bonus of up to 500 $ that rewards you with 10% of your net losses every Monday. The only underwhelming part is the unnecessary WR of 3x.

20Bet: Huge Sports-Market Coverage

20Bet is a modern betting site with over 30 sports and esports – thousands of events are available for you to stake on. In the football menu alone, you can bet on more than 1,200 events, including matches from the EFL Cup, Serie A, and Premier League. There are also lesser-known sports like darts, which offer leagues like Modus Super Series and PDC World Youth Championship for you to wager on.

MyStake: Ideal for New Bettors

Why claim that MyStake is suitable for new bettors? That’s because of its intuitive design, which utilizes a bottom navigation bar for easier reach on smartphones compared to rivals in Iceland. From the nav-bar, you can reach the sports markets, contact support, or reach the promos page. And getting to the sports lobby, you can seamlessly filter the events available by virtual sports and esports.

OscarSpin: Best Customer Support Service

OscarSpin’s customer support service is renowned because of their resolution speeds, not because you can contact them via live chat and email. Also unlike many other sportsbooks for Icelanders, support here keeps in touch with bettors even when you have payout issues. Still, the agents only reply in English at the moment. Moving forward, there are 35+ sports at OscarSpin and combined, they offer more than 1,500 events to bet on – even on slow days.

BDMBet: Most Intuitive In-Play Menu

BDMBet earns praise from our team for having one of the most intuitive live betting menus online. From the lobby, you can visit the in-play menu which hosts 12 sports, such as basketball and football, and their events. This is without having to open any drop-down menu.

Are there popular betting markets to go? Yes, you can also bet on 1X2, total, and double chance markets after doing your diligent research.

Mr. Pacho: Known for Its Bet Mentor

Mr. Pacho is known far and wide for its innovative bet mentor. With this feature, the betting site will find matches for you to stake on among the 35+ sports and their events. The requirements? You only need to enter your stake amount and the payout you desire to get recommendations. Afterwards, just add the selection to your betslip if it meets your criteria.

Megapari: Perfect for Alternative Sports Betting

Megapari possesses all the bells and whistles of an online sportsbook, such as prematch and live betting options. In fact, there are over 40 sports (10 more sports than competitors) and their respective betting markets (1X2, totals, etc.) for you to stake on. However, Megapari truly shines in the alternative sports betting category, which entails over 90esports, virtual esports, and cyber sports combined.

BoomerangBet: Best for Boosted Odds

BoomerangBet offers two bonuses for Icelandic bettors looking to boost their payouts while staking on 30+ sports. These are the accumulator boosts and boosted odds for enhanced winnings.

• Accumulator Boosts: This offer will double your payouts whenever you stake on 21 events with 1.40 odds each.
• Boosted Odds for Enhanced Winnings: Get boosted odds for single, multiple, and system bets that you place in the 1X2 market. Only sports events with the sign “EnhancedPrices (EP)” qualify for this deal.

1xBet: Backed by Reputable Sports Partners

1xBet is partnered with multiple sports partners, including teams and leagues. The list includes Barcelona F.C, PSG, Serie A, FIBA, and Dallas Open. All of these partners are credible and well-known among sports enthusiasts.

So, it comes as no shock that this online sportsbook is bursting with varying betting options. What are you waiting for? Bet on over 30 sports, including football, badminton, golf, and handball.

BC.game: Best for Crypto Payments

BC.game is the number one ☝️crypto betting site for Icelandic bettors due to the sheer quantity of cryptocurrencies it supports. To be precise, there are over 130 coins for you to pick from, including BTC, USDT, and even SUSHI. In comparison, Casinia supports fewer than 15 coins. Deposit limits range between 5 $ and 30 $, so don’t hesitate to bet on competitive 30+ sports today.

Casinia: Join For VIP Perks

Casinia is one of the best online bookmakers for VIP perks on our list because of its simple program. The VIP club consists of five levels, which are Economy Class, Business Class, First Class, Private Jet, and Space Xplorer. To reward our fans as they bet on the 20+ sports available and their events, you get to win brilliant perks are the enhanced combo bonus and increased early cashout bonus for extra winnings.

PlanBet: For Sportsbook Cashback Bonuses

If you’re planning on joining PlanBet, you should get ready for some mouthwatering bonuses, including Saturday reloads, free bets, and accumulator boosts. Even so, the bonuses with the biggest “Wow” factor are the three cashbacks deals for staking on 40+ sports. They’re the VIP cashback, weekly cashback, and 100% refund. As an example, the weekly cashback rewards up to a king-sized 1,160 $ per week.

SpinBara: Shop for Free Bets

Bear with us now — SpinBara lets you collect FUT points by depositing funds, placing bets, completing challenges, and competing in tournaments. Afterwards, you can get free bets of up to 75 $ for 350 FUT points. So, it’s needless to say that rewards besides the welcome bonus of up to 100 $ exist here. Begin your betting adventure across 20+ sports right now.

Ivibet: Best for Forecast Bonuses

Ivibet is an online sportsbook that offers ingenious forecast bonuses as you traverse a collection of 20+ sports. Accordingly, there are two of those on the promos page. One of them asks you to deposit at least 20 $ in the last five days and then predict the outcome of 10 games for a shot at a prize of up to 1,000 $.

Three Betting Sites in the Icelandic Language

Three betting sites that are accessible in the Icelandic language are 22Bet, Megapari, and 1xBet. Are these betting fully accessible in Íslenska? Yes, services like the bonuses and responsible betting tools are readable in the Icelandic language. Besides that, there are also pros to betting at licensed but offshore Icelandic betting sites, such as:

Access a Wider Range of Sports & Markets

Illegal betting rings in cities like Reykjavík have limited sports coverage to avoid being caught by Icelandic systems that monitor illegal gambling activities on the homeland. In contrast, international online sportsbooks are backed by legal gambling boards, like the KGC in Canada.

So, all major sports and their betting markets are covered. This includes the live betting and special prop bets that illicit gambling dens in Iceland can’t possibly hope to offer. In short, you can access a varied pool of bet types/markets without leaving the comfort of your home.

Flexible Payment Methods List

You can also expect faster transaction times at international betting sites, compared to illegal Icelandic gambling rings. This is because online sportsbooks like SpinBara support a wide variety of payment methods. In particular, cryptocurrencies (BTC, LTC, etc.) and e-wallets (Skrill, Neteller, etc.) stood out during our in-depth testing.

Privacy & Safety

According to Icelandreview, the police stopped a poker tournament where over 150 individuals participated after paying an entry fee of 4,000 ISK. To avoid such brushes with the law, you can place bets at offshore betting sites, like 22Bet and MyStake. While they aren’t licensed by the Icelandic government, many hold licenses from reputable regulatory boards, like the MGA.

No Need to Pay Taxes

Due to the regulations in Iceland, bettors who stake at foreign, but licensed sportsbook sites aren’t required to pay taxes. Simply put, you can keep all the profits from your bets without forfeiting a dime to the government.

Best Land-Based Sportsbooks Licensed by Iceland

To cut to the chase, land-based sportsbooks in Iceland aren’t licensed in the traditional sense. The available sports betting centres are limited in services, so they cannot operate for profits or generate revenue for the government. Instead, sports betting venues are only allowed to run as long as their profits are donated to charity. So, if you’re looking for a pure sportsbetting experience, you may have to look outside of Iceland.

Íslensk Getraunir – A Charitable Betting Venue

Icelandic bettors who are adamant about betting at a land-based betting venue in the country can check out Íslensk Getraunir — a state-owned gambling spot. It’s not a profit-oriented gambling spot in the conventional sense, so it’s required to use its revenue for public good.

• Main Location: Engjavegi 6, 104 Reykjavík, Iceland.

Íslandsspil – Another Licensed Operator

Íslandsspil is a legal betting venue in Iceland that operates video-lottery terminals and slot machines (albeit limited in numbers). Naturally, winnings from Íslandsspil goes to charitable organizations, such as the Red Cross and ICE-SAR (Icelandic Search & Rescue) – two majority-owners of the betting venue.

Íslandsspil is immensely popular among Icelandic bettors because its slot machines offer high RTPs (return-to-player) of about 92%. It’s noteworthy that wins and losses are randomly awarded by slot machines, so your playstyle (whether you bet small or big) doesn’t influence the game’s outcomes.

• Main Location: Smiðjuvegi 11a, 200 Kópavogur, Iceland.

Betting Sites Accepting Icelandic Króna (ISK)

ISK is the national currency of Iceland, so locals after a proper gambling experience may fancy one that supports their local currency. The clear advantage of playing at an online sportsbook is that you can manage your funds more easily.

To that end, two international betting sites that accept ISK are BC.game and 22Bet. At BC.game for instance, even bonuses are accessible in ISK, so you don’t have to go through the trouble of converting foreign currencies to ISK to know their value. Other pros of betting at an ISK-enabled betting site are:

• Your payment method limits are localized.
• You can avoid losses due to currency conversion.
• It’s easier to track your winnings and losses if you’re from Iceland.

Three Best Betting Site Mobile Apps in 2025

Globally, mobile devices have changed the way bettors approach gambling and Iceland isn’t any different. According to a report from DataReportal, over 500,000 cellular connections were found in early 2024, which translates to over 140% of the total Icelandic population. So, mobile gambling is considered the norm among Icelandic bettors.

However, you can kick things up a notch by betting via mobile apps instead of browsers. To that end, the top three apps for smartphone users in Iceland are 22Bet, Megapari, and 1xBet. Check out testers’ reviews of their mobile app below.

Pros of Betting Site Apps	Cons of Mobile Betting Apps
Games are just a click away; you never need to open a browser again	Experimental features reach betting apps first
Get instant updates on all the new deals and ongoing matches	Sportsbook mobile apps are chunky in size
Smoother navigation than browsers	Increased battery and data usage. Especially because of app updates
Login with your FaceID or fingerprint for enhanced privacy	Lack of support for older smartphones
Claim exclusive mobile app bonuses	Playing via a mobile app on multiple devices can lead to data leaks
Access your bet history even when you’re offline	Limited multi-window support compared to browsers

22Bet – App Reviews – 4.4/5⭐️

22Bet supports both iPhones and Androids. The betting site boasts simple interfaces on both platforms and access to thousands of daily sports events and dozens of betting markets.

Pros

• The operator gives exclusive mobile app bonuses.
• Mobile app supports all regular payment methods found on the site.
• The mobile app has exceptional support for both pre-match and in-play betting markets.

Cons

• Mobile app also doesn’t make it easy to self-delete your betting account.

Megapari – App Reviews – 4.4/5⭐️

You can enjoy a modern betting app experience at Megapari that combines expansive betting markets like live betting and intuitive navigation of the many sports events. The result? An online sportsbook that’s suitable for newbies and professional bettors.

Pros

• Explore detailed stats on the latest sports events.
• Seamlessly switch between the desktop and mobile app experience.
• Support for all major payment methods found on the betting site.

Cons

• Not all payment methods on desktop are ported over to the mobile app.

1xBet – App Reviews – 3.3/5⭐️

1xBet supplies a massive sportsbook mobile app that’ll fit professional bettors perfectly like elastic gloves. It’s even more impressive if you want max. control over your gambling habits. Also, in comparison to other mobile betting apps on this list, 1xBet regularly updates its gambling app. This ensures smooth performance at all times, while introducing new innovations to Icelandic bettors.

Pros

• The mobile app is just as intuitive as the desktop site.
• Wagers are easy to add to bet slips on the mobile app.
• Expect a bet builder, quick cash-outs, live streaming, & same-game parlays.

Cons

• Slow app loading speeds after an update.
• Search engine isn’t as potent on mobile apps as the desktop.

How to Gamble Online in Iceland?

Are you curious on how you can gamble online in Iceland? Well, below is a step-by-step guide for getting started at the online bookmaker that caught your eye.

1. Pick an Online Sportsbook: Choose a bookie with competitive odds that’s licensed by a reputable gambling board, such as the MGA. You can compare different sportsbooks’ odds but better yet, you can pick any of the betting sites above.
2. Confirm Icelandic Bettors Are Accepted: Ensure that bettors from Iceland are accepted by the gambling site if you’re choosing your preferred site personally.
3. Register an Account: Click the button that says “Join” or “Sign Up” in the betting site’s header. Ensure you register with a strong password. Likewise, don’t claim the welcome bonus without reading the T&Cs.
4. Complete Your KYC Checks: Verify your account after registration to avoid delays during withdrawals.
5. Pick a Preferred Payment Method: Deposit using a familiar payment method; betting sites usually process payouts to your funding method.
6. Choose to Gamble Responsibly: Set your deposit/loss/wager limit to control your gambling habits.
7. Find a Sports Event to Bet On: It’s easier to bet on a sport you’re familiar with. Likewise, the bet type you choose shouldn’t be new to you.
8. Do Your Homework: Once you’ve picked out a sport event and bet type, you should conduct your research on starting lineups, the teams’ forms, head-to-head stats, and weather.
9. Decide Your Stake Amount: Enter the amount you want to stake. It should be 1-5% of your deposit. You can add multiple selections to your bet slip to qualify for parlay bet bonuses, if supported by your chosen bookie.
10. Place & Monitor Your Bet: Confirm your payout and place your bet. If you’re engaged in a live bet, you should monitor your bet. Don’t hesitate to cash out if you feel like your prediction won’t pan out.
11. Review Your Wagers: Review your bet slip to find out why you won or lost the bet. If you won by a fluke, adjust your strategy accordingly.

Tips for Passing Your KYC Checks

1. Only upload clear photos of your document.
2. Ensure that your government-issued ID is still valid and in excellent condition.
3. Your utility bill must have been issued in the last three months.
4. Ensure the name, birthdate, and address on your account matches the details on your documents.
5. Upload your documents before withdrawals. If there’s any leftover KYC checks, complete them before a big withdrawal.
6. Keep a track of your email to answer questions when prompted. This helps prevents delays.
7. Pick a payment method you can deposit and withdraw with for faster payments.

Betting Strategies to Consider

There are some popular strategies to consider if you’re new to gambling at sportsbooks. This includes flat staking, Kelly Criterion, and percentage staking.

• Flat Staking: You only have to stake the same amount of cash every time. This is a safe way to bet without overspending.
• Percentage Staking: Like we described above, you can bet with a percentage of your bankroll. If you’re a newbie, stick to 1-2% of your total deposit. Pro-level bettors can stake above 2% of their deposits but not more than 5%.
• Kelly Criterion: The Kelly Criterion isn’t for beginners. You can use this strategy to calculate a stake amount by factoring in your bankroll, the odds offered by the sportsbook, and the advantage you believe you have.

Trusted Deposits & Withdrawal Options for Icelandic Bettors

Icelandic bettors will find well-known payment methods at the betting sites above. This includes debit/credit cards, e-wallets, bank transfers, and our favourite, cryptocurrencies.

Payment Method	For Deposits	For Payouts	Payout Processing Speeds	Min. Deposit/Payout
Cryptocurrencies	✅	✅	Almost Instant	10 $ for Both
Credit/Debit Cards	✅	✅	❌	10 $ for Both
E-Wallets	✅	✅	Up to 12 Hours	10 $ for Both
Bank Transfer	✅	✅	Up to Five Business Days	10 $ for Both
Prepaid Cards	✅	❌	❌	10 $ for Both

Cryptocurrencies: BTC, LTC, etc.

Let’s start with cryptocurrencies. The best betting sites support the likes of BTC, ETH, USDT, LTC, and many more due to their rising popularity among Icelandic bettors. According to The Guardian, more than 340,000 locals mine BTC, so it’s considered a safe payment option by many bettors in Ísland.

By default, crypto payments are enabled by Icelandic betting sites for both deposits and withdrawals. However, crypto payments are subject to network fees; it’s the price paid for the fast processing speeds for payouts and deposits.

Best Betting Sites for Crypto Payments

The best betting sites that accept crypto payments from Icelandic bettors are BC.game and MyStake. Both gambling sites support Bitcoin, Litecoin, Ethereum, and Tether.

Credit/Debit Cards: Visa, Mastercard, etc.

The majority of betting sites reviewed above accept payments via credit/debit cards. The good news is that deposits via the likes of Visa and Mastercard are processed instantly. However, withdrawals may take up to 24 hours for the betting site to process.

It’s also worth noting that credit/debit cards like Visa and Mastercard are typically not supported by betting sites in Iceland for withdrawals. Nonetheless, there are exceptions, as you’ll soon find out below.

Best Betting Sites for Credit/Debit Transactions

Mastercard is a deposit method on Spinbara, whereas Visa is supported as a withdrawal method. Casinia also accepts debit/credit cards for both payouts and deposits.

E-Wallets: PayPal, Skrill, Neteller, etc.

E-wallets are widely accepted by Icelandic betting sites because they’re quick and safe. You’ll find the likes of Skrill, Skrill 1-Tap, Neteller, and MiFinity at the top gambling sites in Iceland. In addition, e-wallets, like cryptocurrencies, are accepted for both deposits and payouts.

Our team also wants to mention that e-wallet payments may attract charges. This includes gas fees for currency conversions and fund transfers to your bank account.

Best Betting Sites for E-Wallet Payments

Skrill and Neteller are accepted by BillyBets and Ivibet. At BillyBets, the minimum you can fund your account with is 20 $, which is the same limit for payouts.

Bank Transfer: JetonBank, etc.

Bank transfers are the slowest payment method of the bunch. To make up for the slow processing speeds, they usually offer higher withdrawal limits than alternatives, such as e-wallets (Skrill, Neteller, etc.). Bank transfers also incur charges, including cross-border transfer and conversion fees.

Best Betting Sites for Bank Transfers

MrPacho and BoomerangBet both accept bank transfers from Icelandic bettors. However, on both betting sites, it’s only supported as a withdrawal method. Albeit, Jetonbank, a digital banking service is also supported as a deposit method.

Prepaid Vouchers: Paysafecard, etc.

Prepaid cards aren’t as common as e-wallets and debit/credit cards, but the convenience and anonymity they provide is underrated. Take Paysafecard, for instance — you purchase it as vouchers preloaded with cash.

Prepaid cards, in general, are sold in fixed amounts, such as 10 $, 25 $, 50 $, and 100 $; so they’re budget-friendly. They’re also not offered as withdrawal options by gambling sites.

Best Betting Sites That Accept Prepaid Cards

Gambling sites that support prepaid cards (Neosurf, Paysafecard, etc.) are MrPacho and Casinia. Deposits start from 10 $ on Casinia, whereas it starts from 20 $ on MrPacho.

How to Deposit & Withdraw at Icelandic Betting Sites?

If you’ve made your choice about the betting site you’ll join, then this is a practical step-by-step guide for you to follow if you want to fund your account.

Funding Your Account

1. Sign up at your favourite betting site with details you can verify. You can choose from the list above.
2. Head to the cashier page. It may also be called the deposit page.
3. Choose your preferred deposit method from the options listed.
4. Enter the required details (especially for bank transfers) and the amount you want to deposit once prompted.
5. Click “Deposit” to complete your deposit.
6. Wait for your deposit to appear in your betting site account. For e-wallets, your deposit should arrive within minutes, but bank transfers may be slower but it rarely takes up to an hour.

Withdrawing Your Winnings

Withdrawing funds from your chosen betting site account may require you to verify your account. But if you’ve passed your KYC checks and also won a few of your stakes, you can follow the seven easy steps below to withdraw your winnings.

1. Sign in to your betting site account.
2. Meet all wagering requirements attached, especially if you claimed a bonus.
3. Verify your betting site account if you haven’t. This requires a government-issued ID like your passport and utility bill.
4. Afterwards, visit the cashier page and choose “Withdrawal” instead of “Deposit”.
5. Pick a withdrawal method you’re used to, among the listed options.
6. Enter the amount you want to withdraw and press “Withdraw” to finalize your payout request.
7. Wait for the betting site to process your payment. The payment provider should complete your withdrawal within five business days. E-wallets and crypto payouts are processed within minutes rather than five working days for bank transfers.

Disclaimer: Check with your bank or card operator if they process payouts to avoid your withdrawals being denied.

Types of Betting Bonuses in Iceland

Gambling on Icelandic betting sites become monotonous without their iconic bonuses, which includes the likes of cashbacks and free bets. So, for the sake of new bettors, below are the different types of deals you can capitalize on during your sports betting experience.

Welcome Bonuses

What’s the best way to start betting at an online sportsbook? By claiming a welcome bonus to boost your gambling bankroll at your preferred bookie. This bonus is exclusive to new Icelandic bettors, whereby it matches their first deposit by a specified percentage. Afterwards, new punters can test the services of international betting sites with the welcome bonus.

• Example: Claim a 100% welcome bonus up to 500 $. If you deposit 500 $, you win 500 $ extra.
• Usage Instructions: You have to deposit the qualifying amount to claim the welcome bonus. However, you need to beat the WR attached to the bonus funds to cash out the winnings leftover.

Best Betting Sites for Welcome Bonuses

Two of the best online bookmakers for welcome bonuses are BC.game and 1xBet. BC.game’s welcome bonus, for example, rewards up to 2,442,244 ISK, which is equivalent to 20,000 USD. In contrast, 1xBet offers a 100% first deposit bonus of up to 100 $ with a 5x WR.

Free Bets

Use a free bet to test your luck at a sportsbetting site for the first time. You may have to deposit and stake a particular amount to claim this bonus. In addition, free bets are given as rewards on big events such as the UEFA Champions League.

• Example: You claim a 20 $ free bet, so you can stake a maximum of 20 $ on a sports event.
• Usage Instructions: If the sports event has odds of 4.0, you’ll win 80 $ but usually, you can only withdraw 60 $ (minus the 20 $ free bet you won). You can claim free bets as a newbie or VIP reward.

Best Betting Sites for Free Bets

Free bets are always awarded as welcome bonuses, and the best sites for them are 20Bet and Megapari. 20Bet offers a Saturday reload bonus that offers free bets up to 100 $. The catch is that you must place at least three stakes. As for Megapari, you can instead grab a free bet up to 100 $ as your welcome bonus.

Cashback Deals

Have you ever been on a losing streak at a betting site before? Then a cashback deal may be right up your alley. This bonus refunds a percentage of your net losses in a given period. The period may be daily, weekly, or monthly. If you can’t go a week without betting on your favourite football or basketball team, then don’t miss out on cashback deals.

• Example: A 20% cashback up to 200 $ means you’ll get back 40 $ of your net losses back within a period.
• Usage Instructions: You may have to manually claim your cashback bonus, but some online bookmakers will automatically credit the cashback.

Best Betting Sites for Cashback Deals

A few of the top Icelandic betting sites for cashback deals are Boomerangbet and Casinia.

• Boomerangbet: A 10% cashback bonus up to 500 $ lies ahead of Icelandic bettors who choose Boomerang as their preferred sportsbook. This bonus spots a WR of 3x.
• Casinia: You can claim another 10% cashback bonus up to 500 $ here. This bonus also has a 3x WR.

Deposit Bonuses

It’s 2025 so you don’t have to credit your betting site account without incentives like free bets and extracash to stake on sports events. So, with this type of bonuses, you get extra money on your consecutive deposits. Like the welcome bonus, the deposit bonus also matches your deposits by a certain percentage.

• Example: You claim a 50% deposit bonus up to 200 $, which means you win $100 when you top up your betting site account with 200 $.
• Usage Instructions: Deposit bonuses are typically given on weekends, during tournaments, or as a high-roller deal. You may also need a bonus code to claim one. Pro tip: you can build your bankroll over a period by claiming deposit bonuses.

Best Betting Sites for Deposit Bonuses

Do you want to claim some deposit bonuses right away? Then, one of the best betting sites for deposit offers is SpinBara. Besides the online sportsbook’s 100% first deposit of up to 100 $, you may also claim a 50% weekly reload up to 500 $ with a WR of 8x.

High-Roller Offers

Also known as VIP bonuses, these are deals for betting whales who are otherwise referred to as high rollers. If you don’t mind breaking the bank (especially if you gamble for a living), then you should only join sportsbook sites with a loyalty club that rewards you different perks.

Moving forward, many high-rollers have to be invited into the VIP club to enjoy the perks below. One of those perks is a higher withdrawal limit but that’s hardly a bonus.

• Example: Some of the real perks to expect are bigger cashback and deposit bonuses, a personal account manager who organizes customized bonuses for you, and tickets to exclusive events.
• Usage Instructions: You must deposit more than the specified threshold to join the VIP club. Oftentimes, you must keep depositing and staking to level up in the club for bigger rewards.

Best Betting Sites for High-Roller Deals

Are you a gambling cheetah and you want to bet at an Icelandic betting site with high-roller rewards? Two of the best betting sites for the type of VIP rewards you seek are MyStake and BoomerangBet.

• MyStake: You’ll find 10 VIP levels here, which regular bettors may find long-winded. High rollers, on the other hand, will feel quite at home here. Your rewards include access to special prize wheels, personalized cashbacks, exclusive offers like free bets, and special marketplace prizes.
• BoomerangBet: There are five VIP levels here. The first level provides the usual on-site promos and access to 24/7 live chat, while level 5 offers you personalized deals, increased payout limits, and bigger cashbacks.

Disclaimer: All sportsbook bonuses are subject to wagering requirements.

Odd Boosters

Known as enhanced odds in some circles, you can stake on sports events with increased odds for bigger returns on your stakes. The sports events in question will be specified by the sportsbook you join. Some of the different types of odd boosters we’ve come across during our decade-long journey as betting site critics are:

• Personalized Boosts: High rollers get custom odd boosters for any sports event on their radar.
• Accumulator Boosts: These are odd boosters for bettors who place parlay bets. In other words, an accumulator boost will increase your odds for bets where there are multiple selections.
• Tournament-Based Boosts: Many international betting sites offer odd boosters for special events, such as the UEFA Champions League, NBA Finals, and FIFA World Cup. The betting operator’s logic is clear: entice bettors by boosting their odds on the most popular events.
• Daily & Weekly Odd Boosters: From weekend boosts to daily enhanced odds, you can consistently claim odd boosters for select sports and events at the top Icelandic sportsbooks.

Best Betting Sites for Odd Boosters

Both 1xBet and Ivibet offer odd boosters that you might want to check out before placing your next bet.

• Ivibet: The operator will boost bets consisting of at least three selections, so it’s an accumulator boost. You can stake up to 20 selections to double your odds. It’s noteworthy that each of your selections must boast a minimum of 1.20 odds.
• 1xBet: 1xBet also provides accumulator boosts, but the parlay bets you’re expected to place are pre-arranged by the betting site. So, all you have to do is pick one of the accumulator bets (pre-match or live) organized by 1xBet and watch your odds grow by an extra 10%.

Popular Sportsbook Bonus Rules to Note

Sure, you can claim sportsbook bonuses without reading the fine print, but you’ll hardly know what you’re getting yourself into. So, the right practice is to read all the limitations attached to the deal caught in your crosshairs. This way, you won’t be the bettor messaging live chat agents for answers. Some of the bonus rules that Icelandic bettors will find are:

Bonus Size

Proper bonuses will clearly highlight their sizes for the world to see. That means, if you claim a welcome bonus that matches 100% of your deposit, what’s the limit to the bonus size? That’s referred to as the bonus size. Nevertheless, the size of a bonus isn’t indicative of its value.

In fact, many big bonuses don’t offer the best value. For instance, a 100% welcome bonus up to 2,500 $ may be subject to a 55x WR, whereas a 100% new player bonus up to 100 $ may be subject to a 35x WR instead. That’s a WR difference of 20x.

Examples

The following is a comparison of the bonus sizes of the cashback offers being advertised by five Icelandic sportsbook sites.

Online Sportsbook	Bonus Name	Bonus Size
22Bet	Bonus for a Series of Losing Bets	Up to 6,000 bonus points
MrPacho	10% Cashback Bonus	Up to 500 $
MyStake	Top 5 Leagues 20% Cashback Bonus	Up to 100 $
Casinia	10% Cashback Offer	Up to 500 $
Planbet	Weekly Cashback for Bets on Sports	Up to 1,625 $

Wagering Requirements

This refers to the number of times you must stake with your bonus funds, before you can withdraw the winnings derived from the deal. So, let’s say you won 200 $ from a welcome bonus that states you must roll over the funds five times.

That basically means you must roll over your extra 200 $ until it totals 1,000 $ by placing bets. Only winnings beyond the thousand dollar mark is yours to withdraw. So naturally, the lower the wagering requirement of a bonus, the more realistic your chances of beating it.

Ultimately, the sweet spot for WR at the best sportsbook sites for Icelandic punters is 10x or lower.

Pro Tip: Smaller bonuses with lower WR are often more worthwhile than huge bonuses with steep WR.

Examples

Wagering requirements for bonuses differ depending on the sportsbook site you visit.

• Lower End: 3-5x your bonus funds.
• The Average WR: 5-10x your bonus funds.
• Higher End: 10-20x your bonus funds.

You can take a look at the table below for a comparison of the wagering requirements of the welcome bonuses being promoted by five Icelandic betting sites.

Online Sportsbook	Bonus Name	Wagering Requirements
Casinia	100% FTD Bonus up to 100 $	Six times
Planbet	100% FTD Bonus up to 162.48 $	Five times
Ivibet	100% FTD Bonus up to 150 $	Five times
BDMBets	100% FTD Bonus up to 150 $	Five times
MyStake	120% FTD Bonus up to 600 $	10 times

Expert’s Note: Most betting sites like MyStake may require you to roll over both your bonus and deposit funds.

Minimum Odds Requirement

Do you remember the accumulator boosts we described above? We mentioned that they are only active when your bet selections meet the minimum odds (1.20, 1.50, etc.) mandated by the sportsbook operator.

Well, they’re a lot more prevalent than you might expect. Most sportsbook bonuses require bettors to stake on sports events that have a specified amount of odds. Any lower than the minimum odds specified by the online bookie and the bonus remains inactive.

Sportsbook sites implement this bonus rule to limit their risks. After all, bettors can easily win their bets if the odds for the events they bet their bonus funds on are less than 1.20. In short, this bonus rule pushes bettors to take real risks.

Examples

Below is a comparison of the minimum odds required to activate the different odd boosters being promoted by five Icelandic betting sites.

Betting Sites	Bonus Name	Minimum Odds Requirements
BillyBets	Accumulator Bets up to 100%	1.40
OscarSpin	Multiply with ComboBoost	1.30
22Bet	Bet Booster	1.40
Ivibet	Boost Your Odds	1.20
BoomerangBet	100% Accumulator Boosts	1.40

Maximum Withdrawal Limit

It’s also coined the max. cashout by some Icelandic punters because it limits how much you can win and withdraw from a bonus. So, let’s say you’ve beaten the WR of a bonus and your winnings leftover is 1,000 $. If the cashout limit is 500 $, that’s the maximum you can withdraw.

Examples

After decades of combined experiences with sportsbooks online, our team has created a table highlighting the max. cashout allowed for different types of bonuses.

Bonus Types	Average Cashout Limits	Examples
No-Deposit Deals	5 – 100 $	To be honest with you, no-deposits deals are rare at Icelandic sportsbetting sites.
Free Bets	50 – 300 $	20Bet offers a free bet that’s up to 100 $. However, the maximum you can withdraw after completing the WR is 80 $.
Deposit Matches	500 – 5,000 $	Casinia offers crypto welcome bonuses up to 200 USDT. The max cash-out is 2,000 $.

Time Limits

There are different types of time limits for bonuses, and this includes:

• Time to Claim Bonus: This is the time you’re granted to claim a sportsbook bonus. This ranges from 24 hours to seven days. Once the time limit elapses, you can’t claim the bonus anymore.
• Time to Beat the WR: Players are typically given seven to 45 days to beat the wagering requirement attached to bonuses. After the time is up, you automatically forfeit the bonus funds.

Examples

Have a look at five sportsbetting sites for Icelandic punters and the time limits for their welcome offers.

Online Sportsbook	Bonus Name	Time Limits
MrPacho	FTD Bonus up to 100 $	30 days
20Bet	FTD Bonus up to 100 $	Seven days
MyStake	FTD Bonus up to 600 $	30 days
Casinia	Crypto Welcome Bonus up to 200 USDT	30 days
Planbet	FTD Bonus up to 162.48 $	30 days

Excluded Betting Markets

One of the major reasons why you should read the bonus rules first is because some betting markets will be excluded from the bonus funds. Sometimes, it may be your favourite betting markets that are excluded from the bonus. In turn, you can’t stake on those betting markets.

Examples

Check out five Icelandic sportsbooks and their respective bonuses. Our focus is the betting markets excluded by the bonuses in question.

Online Sportsbook	Bonus Name	Excluded Betting Markets
Spinbara	Boosted Odds for Enhanced Winnings	Every betting market except 1X2.
Boomerangbet	2 Goals Ahead Early Payout	All betting markets excluded except 1X2.
Casinia	Boosted Odds: Enhanced Winnings	Only 1X2 isn’t excluded.
MyStake	First Week’s Cashback	Outright, handicaps, and draw no bet betting markets are excluded.
20Bet	Boost Your Odds	The betting markets Asian totals and handicaps are excluded from this bonus.

Popular Sports in Iceland: What Are Other Bettors Betting On?

While football dominates as the global favourite, Icelandic punters also love sports like curling, skiing, and basketball. Below are insights into the most popular sports in Iceland and their betting markets.

Football

Football remains the most popular sport across the world, and Iceland is no exception. According to BBC, 10% of Iceland’s population attended Euro 2016 to cheer on their team. At the time, Iceland’s population was 332,529, so that’s upwards of 30,000 fans; a figure that’s bound to have grown over the decade.

• Best Betting Markets for Football: 1X2, overs/unders goals, both teams to score (BTTS), & accumulator bets.

Best Betting Sites for Football Wagers

You can check out Ivibet and Boomerang for the betting markets we mentioned above. This includes parlays, 1X2, overs/unders, and BTTS markets.

Basketball

Basketball is increasingly getting more popular in Iceland locally and internationally. So, it’s not surprising that Icelandic bettors are staking on both local leagues like the Úrvalsdeild karla, and offshore leagues, like the NBA and EuroLeague. If football feels slow-paced without enough changes for you to bet on, then the fast-paced nature of basketball games may appeal to you.

• Best Betting Markets for Basketball: Points totals, spread betting, & player performance props.

Best Betting Sites for Basketball Wagers

Two of the best betting sites for basketball wagers are 1xBet and Megapari. Some of the betting markets you can expect from both online sportsbooks include handicaps, totals, and 1X2.

Skiing

According to Natt Iceland, glaciers cover about 10% of Iceland. With more than 260 named glaciers, the region features the most types of glaciers, including ice caps and piedmonts. So, not only is skiing a popular hobby among locals, it’s also an exciting sport for them to bet on.

Nonetheless, if you’re just getting into ski betting, then we hope you know that it’s a seasonal sport that only peaks between December and March. As our team leader, Antonio Barroso would say, “If you don’t enjoy sports that last less than six months, then you’re better off with basketball and football betting markets.”

• Best Betting Markets for Skiing: Outright winner, head-to-head matchups, & top-3 finishes.

Best Betting Sites for Ski Bets

Not all types of skiing are aired by the best Icelandic betting sites, but alpine skiing is featured at some of them. In our expert opinion, two of the top sites for alpine skiing are PlanBet and MyStake — they offer popular betting markets, such as outright.

Golf

Due to the long summer days (late May to early September) in Iceland, golf has become more popular. This isn’t only due to panoramic golf courses, but the rising popularity of golf as a hobby among locals. So many Icelandic bettors have started exploring golf markets for the occasional bet on tournaments like The Masters and The Open Championship.

• Best Betting Markets for Golf: Top 5 finish, top 10 finish, head-to-head matchups, round leader, hole specials, and outright winner.

Best Betting Sites for Golf Bets

Typically, Icelandic bettors who place money on golf prefer strategic athletics over the more predictable sports, such as football and handball. If you’re one of them, then you can check out some of the golf betting markets we mentioned above on 20Bet.

Handball

Recognized as the national sport of Iceland, handball is the go-to sport for the region besides football, and the locals have a 2008 Olympic medal to show for it. They’ve also regularly attended the EHF and World Handball Championships for handball over the years. This includes the 2022 EHF Champions League and 2025 IHF Men’s Handball Championship.

• Best Betting Markets for Handball: Match winner/draw, player specials, over/under goals, and handicap betting.

Best Betting Sites for Handball Bets

22Bet and MyStake are quite popular for handball bets. You can explore betting markets, such as matchresult, 1sthalf – total, handicap, and total.

What Betting Markets Are Preferred by Icelandic Bettors?

Are you interested in the betting markets favoured by other Icelandic bettors? Well, below are the markets that most bettors gravitate toward.

Match Results

This is highly popular among bettors all over the globe, especially fans of football. To be clear, you’re betting on the final outcome of a sports match—that is, which team wins! You can recognize this betting market by its 1X2 formats.

• 1: The home team wins.
• X: The teams draw.
• 2: The away team wins instead.

Bettors will love this betting market because it’s applicable to the majority of sports you know, including hockey, basketball, and skiing. Also, if you’re new to betting on sports events, then this is the market to choose.

Total Bets: Over/Under

This time around, you don’t bet on which team wins the sports match. Instead, you stake on the total number of goals that’ll be exchanged during the sport event. How does this betting market play out?

Well, online bookies set a line (for instance, 3.5 goals) and you wager on whether the total number of points scored during the event will be over or under the line (3.5 goals in this case).

If the sports event ends with five goals scored (3–2), bettors who chose to stake on “Over” wins. In contrast, bettors who staked on “Under” lose their stakes.

Both Teams to Score (BTTS)

This betting market is perhaps easier to grasp than the match results market. You simply bet on whether or not both teams will score at least a goal during their match. Why do Icelandic bettors love this betting market? Check out some of the reasons for that below.

• Perfect betting market for teams that prioritize offense.
• It doesn’t matter which team wins the sports event.

Handicaps

Handicaps balance matches between underdogs and favourites by giving the latter (the team expected to win) a disadvantage. The disadvantage may appear in the form of “–1 goal” and it’s not indicative of the actual match itself.

Once the virtual handicap has been applied to the favourites, you can then stake on the result, like so:

“Chelsea (+1) vs. Liverpool F.C. (–1)”

• If You Bet on Liverpool F.C. to Beat Chelsea: They must score at least two goals for you to win your bet.
• If You Bet on Chelsea Instead: They already have a goal advantage, so at the least, a draw means you get a refund of your bet.

Corners, Cards, & Player Props

These types of betting markets prioritize match occurrences rather than results. So, you can bet on the number of yellow cards, corners, and fouls that will appear in an event. To seal the deal, you can even stake on which player you picture scoring the first goal of the match. Some practical examples are:

• Player to Score: Lamine Yamal to score against Real Madrid in the El Clásico.
• Total Corners: Over/Under 8.5 corners.
• Yellow Cards: Over/Under 2.5 yellow cards.

This betting market is suitable for pro-level bettors, rather than beginners because you must have a deep knowledge of the competing teams and their respective players. For example, betting on the number of yellow cards that will appear during a faceoff is easier when both teams are known for their aggressive defenders.

In-Play Markets

There are also notable live betting markets for you to stake as sports events are being played. Some of the betting examples you may discover at the best Icelandic betting sites are:

• You can bet on the next team to score.
• Stake on the team to win the match based on the current scoreline.
• Bet on the total number of points in the second half of the sports match.

Icelandic bettors love these betting markets because they suit the unpredictable nature of local football leagues, such as the Besta deild karla. In addition, it lets bettors capitalize on the myriad of momentum shifts that take place as a sports match unfolds.

How Do Sports Odds Work?

Understanding the odds proposed by every sport event you find at online bookmakers is crucial to placing bets. Still, the best part is that the science behind odds is simple to grasp. In layman’s words, it’s the amount you win by placing a particular amount on a sports event. For professional bettors, sports odds are interpreted as the probability of an outcome occurring.

Some facts about sports odds are:

• Sport odds are equal to probability plus payout.
• The higher the odds, the lower the likelihood of it happening.
• So, naturally, the lower the odds of a sports event, the higher the probability of it occurring.
• There are three main types of sports odds, which are decimal, fractional, and Americanodds.

Decimal Odds: Ideal for Beginners

Two words describe decimal odds: highly popular! This is the preferred odds format around the world, including European countries like Iceland. It’s because you can easily calculate how much money you’ll win for every 1 $ that you stake at your go-to Icelandic betting site.

How to Calculate Decimal Odds

Use the formula below to calculate decimal odds.

“Return = Wagered Amount x Decimal Odds”

An Example

Picture staking 100 $ on a sports event with 4.50 odds. That translates to 100 $ X 4.50 which equals 450 $.

Fractional Odds: Popular in the UK & Ireland for Horse Racing

Fractional odds may not be as easy-to-understand as decimal odds, but they come really close. Instead of calculating your returns based on every dollar you stake, this format calculates your profits relative to your wager amount.

Now, hang in there with us for a minute more. Fractional odds basically mean that 5/1 odds mean you’ll win 5 $ for every dollar that you stake on an event.

How to Calculate Fractional Odds?

You can calculate fractional odds at Icelandic gambling sites using the following formula.

“{(Numerator/Denominator) x Wagered Amount} + Stake = Total Return”

An Example

You stake 50 $ on an event with fractional odds of 6/1.

• Profits = 6/1 x 50 $ = 300 $.
• Total Return = 300 $ + 50 $ = 350 $.

American Odds: Renowned as Moneyline Odds

American odds are prevalent in the US and you can recognize them by their use of mathematical symbols, plus (+) and minus (–). To differentiate between them, keep it at the back of your mind that plus means underdogs while minus refers to the favourites.

How to Calculate American Odds

The formula for calculating American odds varies depending on which mathematical sign you’re dealing with. For positive odds, the amount of profit you’ll make on every 100 $ staked is shown. Whereas for negative odds, you’re shown the amount you must stake to win 100 $.

Positive Odds

You find a sports event with American odds of +150, meaning you win 150 $ for every 100 $ you wager. The formula to calculate your returns goes something like this:

• Profits = (Odds ÷ 100) x Stake.
• Total Return = Profits + Stake.

An Example

You stake 50 $ on an event with odds of +150. Below is what your total returns will look like.

• Profits = (150 ÷ 100) x 50 $ = 75 $.
• Total Returns = 75 $ + 50 $ = 125 $.

Negative Odds

If you see a sports event with –180 odds, that means you must spend 180 $ to win 100 $. The formula for calculating your returns on negative odds is:

• Profits = (100 ÷ Odds) x Stake.
• Total Returns = Profits + Stake.

An Example

You stake 20 $ on an event with American odds of –180.

• Profits = (100 ÷ 180) x 20 $ = 11.11 $.
• Total Returns = 11.11 $ + 20 $ = 31.11 $.

How We Rate Betting Sites

Rating betting sites isn’t about big bonuses and flashy banners for promos. Rather, our ratings are based on reviewing the online sportsbook’s full suite of services, which includes its licensing, payment methods, payoutspeeds, ease of navigation, security, and as always, the responsible gambling tools at hand. You can check out how we help Icelandic bettors choose the safest betting sites below.

Is It Accessible in Icelandic?

Great question! If you’re a local, betting at an online sportsbook that’s available is Islenska will improve your overall gambling experience. For instance, the menus containing services, such as games and bonuses, will be available in the Icelandic language, boosting ease of navigation.

Additionally, payment methods, including their minimum and maximum limits can be perused in your native language, so you don’t cross your threshold due to currency conversion fluctuations. Finally, you can get better customer support if you can explain your problems in Islenska.

Customer Support: Do Reps Reply Quickly?

Before joining any Icelandic betting site, another rule of ours is to test the customer support’s response speed. How fast do the agents really reply to queries? Also, are issues resolved quickly? On average, support agents should reply to you in under a minute, whereas the resolution speed will vary depending on how technical the issue is.

If it’s just a simple question about the welcome bonus’ wagering requirements, you should be answered within five minutes. However, technical issues involving KYC checks may take up to an hour. Other metrics for testing a betting site’s support prowess are:

Availability: Is Support Active 24/7?

The best Icelandic betting sites ensure their customer support channels are online 24/7. So, regardless if you’re a night owl or an early bird, you can get swift and reliable help. If support isn’t available 24/7, our team makes certain that the time zones where the sportsbook’s support is active, are convenient for Icelandic bettors.

Support Channels

The three most popular support channels are the live chat, email support, and phone support. Still, the contact option preferred by Icelandic punters is the live chat feature because it’s accessible without leaving the sportsbook, unlike email support.

What about the FAQ Page?

The FAQ page is the basic information centre at every betting site. Some online sportsbooks, like BC.game answer 14 questions in their FAQ page, while others, such as SpinBara, answer over 60 questions.

Account Verification Speeds

Let’s face it, many Icelandic gamblers only stake because of the possibility of walking home with their winnings. Yet at online sportsbooks, you cannot request for a payout without verifying your account. So, testing a betting site’s account verification speeds is an excellent way to gauge its support’s performance.

Our team goes through the hassle of testing account verification speeds for you. This way, we can deliver honest reviews that reflect the real quality of customer support at any given betting site. If you want to confirm the speed at which verifications are resolved by your chosen sportsbook, you can ask a live chat agent about their KYC policies. Credible betting sites, like BillyBets are transparent about this.

The Betting Site’s Reputation

It’s important to read up on the online sportsbook’s reputation before becoming a member due to many issues that gamblers face, such as:

• Super slow withdrawals.
• Drawn-out account verifications.

So, our job at SnotraHouse is to ensure that the betting site always pays out players’ winnings. Asides from honouring our withdrawals, a trustworthy sportsbook should also consistently provide bonuses with fair rules of engagement. Some other conditions that the sportsbook under our scrutiny must meet are:

• It shouldn’t be plagued by constant payment delays.
• The online bookie mustn’t have received any serious complaint from other bettors.
• The overall reputation of the sportsbook on forums and social media must be positive.

Mobile App Availability

In this modern age, a betting app for smartphones essentially equals more convenience. The fact that you don’t have to open a browser which holds your gambling history is a dealbreaker for some Icelandic punters.

The absence of a betting mobile app won’t break your gambling experience, but its presence does solidify a sportsbetting site’s reputation. Some questions to ask before joining a sportsbook because of its mobile app include:

• Does it run without hiccups?
• Is it fast to load on both Androids and iPhones?
• Is the mobile app regularly updated by the operator?
• Can you easily navigate between sports, their events, and the markets on offer?
• Does it get push notifications for live matches and changes to the market odds?
• Does the app integrate all the payment options on the desktop?

If you answer “Yes” to the majority of the questions above, then you’ve found yourself a great mobile app.

Payment Methods Available

What’s the backbone of real money gambling sites? It’s smooth and reliable payment methods. So, before recommending any online sportsbook, we review its range of payment methods to see if they’re up to par. For instance, the bookmaker shouldn’t charge hidden fees for both deposits and withdrawals.

Moreover, we check out the list of payment options available to see if the list is localized for Icelandic bettors. A hint: the list should include well-known options, such as cryptocurrencies, e-wallets, and credit/debit cards with budget-friendly limits. You can check out the table below for the average processing speeds and min. deposit/withdrawal that are expected of the best Icelandic betting sites.

Payment Methods	Payment Method Type	Typical Min. Deposit/Withdrawal	Average Deposit Speeds
BTC, ETH, LTC, etc.	Cryptocurrency	10 $ for Both	Instant
Neteller	E-Wallet	10 $ for Both	Instant
Skrill	E-Wallet	10 $ for Both	Instant
Mastercard	Credit/Debit Card	10–20 $ for Both	Instant
Visa	Credit/Debit Card	10–20 $ for Both	Instant
Bank Transfer	Electronic Payment	50 $ for both	Within Five Business Days

Are Withdrawals Fast?

With hundreds of betting sites online, evaluating their payout speeds can easily help you separate the wheat from the chaff. Ordinarily, top-tier sportsbooks will process payouts within 48 hours, but the exact payout speeds depend on your payout method.

Payout Method	Processing Speeds
E-Wallets	Within 48 Hours
Cryptocurrencies	Within 24 Hours
Bank Transfer	Up to Five Working Days
Debit Cards	Within 72 Hours

Is There a Bet Builder?

This is also called a bet customizer or same-game parlay. It lets you create a custom bet by combining multiple selections into a single wager. It is noteworthy that your bet selections must be combined from the same sports event.

But why are Icelandic punters so in love with bet builders? Well, you can have a look at our reasons below.

• Customization: You have total control over the bet options you want to stake on.
• Higher Payouts: Having multiple selections on your betslip equals to higher payouts due to the combined odds.
• Convenience: Rather than picking bets one by one, you can just combine them using a bet builder. It’s a faster and easier approach.

For Example

In a match between Liverpool F.C. vs Crystal Palace, you’ve got free reign over the betting markets that’ll go on your betslip. So, you can choose a combination of markets, such as 1X2 and player props, like so:

1. Liverpool F.C. to win.
2. Both teams to score.
3. Mohammed Salah to score at any time.
4. Under 3.5 goals shared between both teams.

Simply put, you can use a bet builder to combine all of the bet selections above. Thereafter, the bet builder combines the total odds of your personalized combo.

Is Live Betting Present?

Nothing else in sports betting makes our hearts pound than placing bets as a match unveils right before our eyes. To that end, live betting lets you wager on changes that occur during events, such as a sudden penalty in football or a three-point shot in basketball.

Beyond that, it’s also our job to review the betting site’s refresh rate for live odds and payouts, especially when the sports events start to peak. More points to the online sportsbook if live statistics and streaming options are baked into the live betting menu. However, the feature you shouldn’t miss out on is instant cash-out, letting you cash out your winnings before the match ends.

Odds: Are They Competitive?

Since sports betting odds determine your payout amount, it becomes one of the key factors we consider when recommending betting sites. So, we compare the odds of the top 15 Icelandic betting sites above to other leading bookmakers offering the same sports matches.

This also includes comparing the live betting odds of different sportsbooks to see if they are competitive across the board. In other words, by comparing the betting odds of football or basketball events at separate bookmakers, we can simply opt for the ones with higher payouts, even if the difference is miniscule.

What’s the Odds Margin?

The odds margin refers to the bookmakers’ profits. This ensures that sportsbooks get paid regardless of whether you win your bet or not. The odds margin is also included in every market that an online sportsbook offers.

How to Calculate the Odds Margin of a Sports Event?

The fastest way to calculate the odds margin of a sports event is to use a margin calculator. Otherwise, you need to convert the different odds of the sports match to implied probabilities, sum them up and then subtract the total from 100%. Bookmakers with odds margin above 9% per match should be avoided.

Security & Licensing

Just because it’s an offshore bookmaker doesn’t mean it shouldn’t be licensed. Your safety comes first. To ensure that, the online sportsbooks above are fully licensed. For example, SpinBara is backed and regulated by the Gaming Board of Anjouan.

How did we arrive at that conclusion? Well, reputable bookmakers will highlight their licensing information in their websites’ footers and SpinBara isn’t any different. Some other reputable gambling boards are the MGA (Malta Gaming Authority), UKGC (UK Gambling Commission), and Curacao eGaming. The point is to make Icelandic bettors feel secure about the sportsbooks they choose.

What About Security?

Security is important at betting sites because you share lots of your personal information with them. This includes your name, birthdate, address(es), and gender. However, the most sensitive data of them all are your payment information and the documents you upload during your KYC checks, such as your driver’slicense.

To protect your data, many Icelandic bookmakers secure their websites with SSL encryption software and data security protocols, such as physical protective measures for the servers storing your details. Bonus points to the online sportsbook that’s regularly audited by independent bodies like eCOGRA and iTech Labs.

Are There Responsible Betting Tools?

Both professional and amateur online gamblers should bet with a cool head at all times. If your preferred betting site doesn’t provide any betting tool, that means it’s only concerned about its profits. Thus, some of the top responsible gambling tools that our team looks out for are:

• The Self-Assessment Test: Answer a few questions to confirm you’re not addicted to gambling. Typically, the more you answer yes to the questions, the higher your likelihood of being addicted to betting.
• Self-Exclusion: You can use this tool to temporarily or permanently close your betting account. Extra points to betting sites that allow you to self-exclude by yourself.
• Deposit Limits: Set daily, weekly, or monthly limits on the amount of money you can deposit into your gambling account.
• Loss Limits: You can stop your losses from crossing a specified threshold within a period. That period could be daily, weekly, or monthly.
• Session Timers & Reality Checks: A reality check will remind you to take breaks from betting online. In contrast, session timers will automatically log you out of your betting account once your allocated time is up.
• Links to Third-Party Help Organizations: You should also be able to contact organizations like Gambling Therapy and Gamblers Anonymous for help if you’re addicted.

Our Final Say: Can I Safely Gamble at International Betting Sites?

The current legal situation in Iceland doesn’t favour betting online, even though the Tribuna revealed that an estimated 248 million $ was spent at offshore betting sites by Icelanders in 2025. Simply put, online gambling is still restricted in the country. With that in mind, how safe are Icelandic gamblers at international betting sites? They’re very safe, but only if they gamble at online bookmakers that are licensed by reputable gambling regulators (the MGA and CGA come to mind).

Besides being licensed by a regulatory board, an online sportsbook must also use modern and secure technology to protect its users’ information. So, the use of SSL software is paramount for encrypting bettors’ data from prying eyes.

Finally, gamblers should choose betting sites that always honour their bettor’s payouts. While many Icelanders bet for the sake of entertainment, lucky winners will be disappointed if their chosen online sportsbooks don’t honour their payouts. So, if you’re seeking a digital betting venue that meets all three safety requirements, don’t hesitate to join any of SnotraHouse’s reviewed betting sites above. Sign up on BillyBets today for a FTD bonus of up to 100 $.