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For example, if a sportsbook offers odds of 2.50 on a particular outcome, this means that a winning bet of 100 Icelandic krona would result in a total payout of 250 Icelandic krona, which includes the initial stake of 100 ISK.
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It’s important to note that odds may change in real-time leading up to and during an event, based on various factors such as changes in the betting market, injuries to players, or changes in weather conditions, among others.
The odds offered by Icelandic betting sites, such as Íslensk Getspá, may vary depending on the specific sport, event, and market being offered. However, odds are typically presented in decimal format, which represents the potential payout on a winning bet, including the initial stake.
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Discover the key steps to effectively test and review betting sites in Iceland for a thorough and reliable evaluation.
IviBet is a famous betting operator that began its activities in 2014. In Iceland, the company offers not only online sports betting but also the opportunity to play casino games, including slot machines. In particular, however, the IviBet sports events catalogue is really impressive.
Betting sites by payment options
20Bet is another great betting company providing its services to clients from Iceland. In addition, 20Bet has a strong presence in several European countries, including Germany, Finland, and Poland. The company offers a range of promotions and bonuses to new and existing clients, including a welcome bonus for new sports betting customers.
Many online sports betting websites that operate in Iceland offer mobile compatibility, allowing users to place bets and access their accounts using their mobile devices such as smartphones and tablets. This is often carried out through a mobile-optimised website or a dedicated mobile app.
You’ll find all the information about Iceland betting on this page.
22Bet has a focus on providing a user-friendly and innovative experience to its gamblers. The website is available in multiple languages and offers a range of payment methods, including cryptocurrencies. The company also offers a mobile app for iOS and Android devices, allowing gamers to place bets anytime and anywhere.
22Bet is a betting company that was founded in 2017. The company is registered in Cyprus and operates under a Curacao eGaming license. 22Bet offers a wide range of sports to bet on, including the most popular ones in Iceland.
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TonyBet is an online sports betting and casino company that was founded in 2009 by Antanas Guoga, a Lithuanian businessman and former professional poker player who is also known as Tony G. The company is licensed and regulated by the United Kingdom Gambling Commission and the Estonian Tax and Customs Board. TonyBet offers a wide range of sports betting markets, as well as casino games, live dealer games, and poker.
Yes. You can bet on sports on licensed websites.
The popularity of sports betting in Iceland is confirmed by statistics. Around 65% of the population is estimated to have won money on betting sites in 2019. At the same time, the average amount won on betting sites in Iceland is estimated to be around €10,500 per person per year. In other words, Icelanders not only love sports betting, but they often win. To join them, you need to take a few simple steps.
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Today, Íslensk Getspá remains the only company authorised to offer sports betting in Iceland. While the company faces competition from international online sports betting sites, it still enjoys a strong position in the Icelandic market, thanks in part to its reputation for reliability and security.
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In the early 2000s, the Icelandic government began to consider legalising online sports betting. In 2004, a new law was passed that allowed Íslensk Getspá to offer online sports betting. This made it easier for Icelanders to place bets on their favourite sports, as they could now do so from the comfort of their own homes.
Online Betting Sites in Iceland
For example, TonyBet and 22Bet both offer mobile apps for iOS and Android devices, which can be downloaded from the App Store or Google Play. These apps offer a range of features, including the ability to place bets, access account information, deposit and take advantage of promotions and bonuses.
Online Betting In Iceland: Legality & Betting Sites
At that time, the only way to place a sports bet was to visit a physical betting shop, and the only company authorized to operate such shops was the state-run lottery company Íslensk Getspá.