The Icelandic Krona is another currency which is accepted only by one sports betting website, but we at topbettingsite.co.uk can’t just ignore this. Even though Iceland isn’t the biggest country, it’s one of the richest which means that people are more willing to gamble because they have more money. However, Icelandic punters don’t have the luxury to choose from many places where they can place wagers using the Icelandic Krona, in fact, the only website that will accept this currency is bet365.
This doesn’t mean that Icelandic citizens can’t bet at other websites, but they can’t deposit using their currency. Our article will focus on the website which accepts the ISK, which payment options can punters use there and a little bit of information about online gambling tax laws.
Where can you bet using Icelandic Krona?
|Up to £30 in
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|Bet £5 Get £20
|T&C: New customer offer. Place 5 x £10 or more bets to receive £20 in free bets. Repeat up to 5 times to receive maximum £100 bonus. Min odds 1/2 (1.5). Exchange bets excluded. T&Cs apply.
|Money Back up to £40 + £10 Casino
|18+ begambleaware.org. New customers only. Min deposit £10. Money back as bonus if first bet loses. Wagering requirements: all sportsbook 3x at min. odds of 1.40 (2/5), casino 50x. Unless forfeited the sportsbook bonus must be wagered before using the casino bonus. Bonus expires 7 days after opt-in. Full T&C's apply...#AD
* T&C’s apply, 18+. Click on Bet now to view the offer!
We mentioned earlier that bet365 is the only bookmaker which offers Icelandic punters to bet using the Icelandic Krona. We’ve listed some of the deposit and withdrawal methods that you can use when betting with ISK.
Bet365 – Unfortunately, the bookmaker doesn’t offer many payment options for Icelandic punters to use, but this is still the only website that accepts this currency, so the customers don’t have much of a choice. The only deposit methods available are Click2Pay and Skrill. You can also use them to withdraw money from your account. It’s completely free and incredibly fast to sign up at these two websites, so it shouldn’t be too much of a hassle.
Gambling Tax in Iceland
It’s not easy for people to understand Icelandic gambling laws due to their complexity, but one thing that you need to know for use is that you can’t be a professional gambler if you live there because it’s forbidden by the law. The positive from this is the fact that you don’t have to pay tax on gambling winnings and even if something like that happens somewhere in the future, it will be difficult to actually implement this on punters who gamble at bet365 because the only deposit methods available are Click2Pay and Skrill which means that the bank account doesn’t get affected directly by the sports betting website.
What payment methods should people who want to deposit in Icelandic Krona use?
Usually, we give advice to our readers on the best payment method from a list of options available, but in this case, there are only two, so the choice isn’t hard. When comparing Click2Pay and Skrill, we think that Skrill is better because they are a larger company which offers fast and easy options for making deposits and withdrawals at betting sites.
This doesn’t mean that the competitors Click2Pay are bad, it’s just that Skrill is the superior from the two. We hope that bet365 give Icelandic punters the opportunity to gamble using their debit cards, as this is much easier than the currently available payment methods. One thing is almost certain, if more bookies start to accept Icelandic Krona, this will lead to more deposit options being available.