Rank | Bookmakers | Singup Bonus | Features | Offer Link |
1 | 1XBET | 100% up to 100 USD |
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2 | BETWINNER | 100% up to 100€ |
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3 | MELBET | 100% up to 100$ |
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4 | 22BET | 100% up to 122€ |
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5 | LINEBET | 100% up to $100 |
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Iceland is well-known throughout the world for its breathtaking natural wonders, but it is also no stranger to sports betting and other forms of gambling. Despite the University of Iceland’s 1933 lottery being the first instance of institutionalised gambling, interest in Icelandic betting sites has increased recently. One of the key causes of the public’s growing interest in online betting was the Icelandic football team’s outstanding performance at Euro 2016.
Players don’t have a lot of options, though, given how the Icelandic online betting market is currently set up. Islensk Getspa/Getraunir, a state-owned monopoly operator, falls short in providing a variety of betting markets, aggressive odds, and generous bonuses. Fortunately, a number of foreign bookmakers are pleased to accept Icelandic players and give them access to everything they need to have a great betting experience on the country’s online market.
Best Betting Sites in Iceland
Rank | Bookmakers | Singup Bonus | Bonus Offers | Claim |
1 | 1XBET | 100% up to 100 USD Promo Code "BET4EARN" | 100% Deposit Bonus every friday & Wednesday | |
2 | BETWINNER | 100% up to 100€ Promo Code - BETWINOFFER | 100% Deposit Bonus every thursday for all betwinner user | |
3 | MELBET | 100% up to 100$ Promo Code "BETUJJWAL" | Bonus for 100 bets, vip cashback, every week prize | |
4 | 22BET | 100% up to 122€ | 100% Deposit Bonus every friday for all users | |
5 | LINEBET | 100% up to $100 | 100% Deposit Bonus Every Monday for all linebet users | |
6 | BET365 | 100% upto 30$ | 2 goals ahead early payout offer | |
7 | DAFABET | 100% deposit bonus | upto 0.88% rebate | |
8 | NEXTBET | 100% deposit bonus up to $100 | Similar like dafabet offers accept srilanka users | |
9 | BETWAY | free bet upto $30 | $10 free bet every week | |
10 | 20BET | 100% deposit bonus UPTO $100 | Easy to use |
The government lacks the ability or incentive to obstruct foreign operators in the absence of explicit legislation governing online betting. This is great news for Icelandic gamblers who have a choice of venues. Also, there are no laws that specifically target those who use foreign bookmakers, therefore there is zero risk when betting on international companies.
The only punishable offence, according to articles 183 and 184 of the 2016 revision of the Icelandic Penal Code, is engaging in professional betting or gambling or earning direct or indirect income from such activities occurring on one’s property. So, there is no need for concern as long as internet betting is seen as fun.
Icelanders are free to utilise online sportsbooks as of the age of 18 and are not subject to any limitations. It’s also important to note that gains from players at offshore bookmakers are not treated as income and are therefore tax-free.
Is online sports betting legal in Iceland?
Yes, online sports betting is legal and regulated in Iceland. The country has a well-established regulatory framework for online gambling, which ensures that licensed betting sites are safe, secure, and fair to use.
What sports can I bet on at Icelandic betting sites?
Most Icelandic betting sites offer a wide range of sports markets, including popular sports like football, basketball, tennis, and golf, as well as niche sports like handball, futsal, and esports.
Can I use Icelandic betting sites if I don’t speak Icelandic?
Many Icelandic betting sites offer their services in both Icelandic and English, so you should be able to navigate the site and place bets even if you don’t speak Icelandic.
How can I deposit and withdraw funds at Icelandic betting sites?
Icelandic betting sites typically offer a variety of payment methods, including credit/debit cards, bank transfers, and e-wallets like Skrill and Neteller. Withdrawal methods may vary, so it’s important to check with the site to see what options are available.
Are there any bonuses or promotions available at Icelandic betting sites?
Yes, many Icelandic betting sites offer bonuses and promotions to both new and existing customers. These may include welcome bonuses, free bets, cashback offers, and more. It’s important to read the terms and conditions of any offer before accepting it to ensure you understand the requirements and restrictions.
Can I bet on international sports events at Icelandic betting sites?
Yes, most Icelandic betting sites offer markets for international sports events, including major tournaments and championships for popular sports like football, basketball, and tennis.