Best Online Casinos in Iceland
Those online gamblers in Iceland who are aware of all the dos and don’ts in their country can save their time and choose some of the best online casinos Iceland immediately, using our list created by Casino Auditor purely for their convenience! Those gamblers who would like to learn more about online gambling rules in Iceland are welcomed to read the whole overview below!
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How to Choose the Icelandic Online Casino
If you already know what is legal and what is not legal in Iceland in terms of gambling and online gambling, but you are not sure how to choose an online casino that is entertaining, safe, and well-paying at the same time, there are two ways for you. The first way is to use the list of the top online casinos for Iceland, provided by Casino Auditor above.
However, due to the abundance of online casinos out there, and due to the fact that new casino sites appear every month, it is physically impossible to cover all sites immediately. This is where the second way is useful; every gambler, even a beginner one, should be able to assess a betting platform on their own. Below, Casino Auditor provides the list of the most important aspects to double-check before registering an account and depositing to a new casino platform:
- license – every online casino must hold a license, either by the local agency in the player’s country, or by a reliable international agency. Information about the active license, plus information about the casino’s operator must be provided openly on the site. Absence or suspicious information about license must act as a sign that this casino is too unreliable for real money gambling.
- payments – the more payment methods are offered by the casino site, the better. The player should also make sure that they have access to at least two of these methods legally in their country. Also, deposit and withdrawal rules should be checked carefully, because different limitations can be in place.
- games – modern casino sites that want to be competitive and attract players should offer at least 700+ game titles in their library, by different software providers.
- promotions – most casino players like different promotions and bonuses. However, the rules applied to bonuses can be really tricky, making those bonuses not very advantageous for the players. So, bonus Terms and Conditions, wagering requirements, and withdrawal limits should be carefully checked.
Benefits of Real Money Casinos
Casino online gambling is fun and entertaining even if you play for free using Demo mode. However, real money betting is even more engaging and entertaining, due to additional advantages it gives, including:
- the chance to win real money simply by playing best online casino games
- the ability to claim bonuses and take part in various promotions
- the accumulation of Comp Points in the Loyalty Program after every real money bet
- the ability to play progressive jackpots and Live Dealer games
- the ability to participate in tournaments and races for depositing customers, and win even more
How Can CasinoAuditor Help You?
Casino Auditor has years of experience in the online gambling niche, therefore being able to conduct a thorough research of the niche for every country, and review every online casino carefully. Casino Auditor will quickly tell a good casino site from a poor quality or suspicious one, therefore saving gamblers’ time and efforts they would spend on research of every new site they stumble across. This is why it is recommended to register for real money play at casino sites listed by Casino Auditor; these sites have been checked and assessed by experienced gambling experts, and their quality is provable.
Online Casinos Laws and Legitimacy in Iceland
Gambling is a popular industry in Iceland, but ironically, most of the gambling activities are technically illegal since the beginning of the previous century. The government’s position about gambling is really strict. At the time of writing, the types of gambling legally allowed in Iceland are lottery by the Icelandic Getspa online lottery site, and sports betting by the Icelandic Sport Web, two agencies backed by the government. Other allowed activities include bingo and slots that can be operated at offline facilities, but only for non-profit purposes (like, for charities). Slots machines are actually very popular in the country.
Land based casinos are absent in Iceland, and any classic table games, card games, and poker are completely prohibited. Also, there are no real licensing agencies, or an established licensing process in the country; every entity that runs any type of gambling entertainment is done on a case-by-case basis.
Online casino gambling is technically considered illegal, online casinos run from abroad cannot get local licenses to start offering their services to Icelanders legally. However, the government does not prosecute local punters who make real money bets at foreign websites according to the EU Court of Justice ruling. According to this EU ruling, if the country does not provide legal ways for acquiring a gambling license, the country has no right to prosecute its citizens who choose to gamble at foreign websites.
However, no license from Iceland means that the players should make sure the betting platform holds a license by another relevant international license issuing agency. The most reliable licenses are issued by Malta, UK, Sweden, Isle of Man, Alderney, Gibraltar, and Kahnawake.
Online Casinos Bonuses
Those players who want to make the most out of their gambling habits use to claim casino bonuses. However, beginner punters may feel confused about what these bonuses are and how they work. This is why Casino Auditor provides a list of the most popular and widespread casino bonuses below, to make beginner players’ life easier.
This bonus is a deposit-based one, offered to most players who register their account for the first time, and make their first deposits. The bonus is usually some cash, plus some Free Spins. The sum of the cash depends on the sum of the deposit made. Many casinos offer a row of consecutive bonuses for several first deposits made by the new customers, to motivate them into playing. Before claiming the Welcome offer, wagering requirements should be checked.
Free Spins are nice to get and easy to use. They are often part of the Welcome bonus, or they can be offered as a separate bonus. Free Spins bets are paid for by the operator, but everything the player wins belongs to the player. However, wagering requirements also apply – the sun won by wagering the Free Spins has to also be wagered before the player is allowed to withdraw the money. Also, maximum withdrawal limits usually apply; as a rule, no more than $100 can be withdrawn from wagering the Free Spins.
No Deposit or Sign Up Bonus
This is a rare bonus, because it is profitable for the players, but not many online casinos Iceland can afford it. No Deposit bonus is granted for signing up, this is why it can also be called Sign Up bonus, and it means that, to get the promotion, the player is not required to deposit their own cash. IInstead, they can make bets with the No deposit cash, or use Free Spins. However, the customers must first make sure the No Dep bonus is not sticky (that is, the money won can eventually be cashed out, instead of being used only for further betting). Also, wagering requirements and withdrawal limits also apply.
Cash bonuses or Free Spins granted to already depositing players are usually called Reload bonuses. The concept is very simple – as a rule, to get Reload bonuses, the player must make at least one deposit already to the site. Then, they should make an eligible deposit on the day of the week when the Reload bonus can be granted, and get bonus cash or Free Spins. Most widespread Reloads are Monday, mid-week, or Weekend bonuses. Wagering requirements apply.
Popular Online Casino Payment Methods in Iceland
Iceland is part of the European zone, which means locals have access to some of the most popular online payment services, and this also means that the majority of offshore Iceland online casinos targeting Iceland offer these payment methods for local punters. These payment options include, if course, debit and credit cards by Visa and Mastercard, Discover, and American Express. Other payment options include SEPA, Mint, PayPal, Skrill, and Neteller. However, according to statistics, bank cards are used most widely. Yet, the most advanced Icelandic best online casino bettors prefer cryptocurrencies!
Cryptocurrency Online Casinos
According to Icelandic government, currency trading and exchange with the usage of cryptocurrency is prohibited, however, online payments to merchants are technically not. Also, despite the seemingly intimidating position of the government, Iceland in fact hosts some of the biggest BTC mining facilities. This is why using cryptocurrencies is popular in Iceland, including using them for transactions to and from online casinos. Such transactions are in fact faster, and also safer, because they are transparent, anonymous, trackable, and irreversible. So, if you’d like to have your casino payments in order, perhaps choosing a cryptocurrency-accepting casino site is a good option.
Popular Software Providers
Being accepted to the majority of European online casinos, bettors in Iceland have access to numerous games by some of the best online casino software providers out there. These providers include, but are not limited to: Amatic, Authentic Gaming, BetSoft, BGaming, Booming Games, Booongo, EGT, ELK, Habanero, and others. And of course, the giants of the niche, Microgaming and NetEnt, are also available to players from Iceland. This abundance of providers also means abundance and variety of games, so local bettors are unlikely to ever get bored.
Types of Online Casinos Games
Those gamblers who have difficulties choosing what casino games to start with when they register at an online casino in Iceland, will benefit from a short overview of the most popular casino games provided below by Casino Auditor. Beginner players should learn the basic rules applied to casino games, and avoid the mistake of engaging into the most entertaining, but at the same time the most complicated games of skill from the very start. It is better to begin with games of chance that do not require much knowledge and much previous experience.
Slots are the most favourite type of game of chance across all online casinos in the world. Slots are simple in terms of rules, the bets are small, while the wins can be impressive. No previous experience is needed from the player. The majority of software providers make slot games all the time, featuring different themes and designs, so the choice of slots is huge. Beginner gamblers should definitely start their online gambling career from slots.
Roulette is another classic game of chance, but a table game this time. No special knowledge or previous experience is needed to have fun and play Roulette successfully. Of course, there are several mathematical theories for Roulette, but they all are focused on how to lose less, rather than how to play more successfully. In any case, beginner punters can enjoy this game without complicated theories.
Blackjack is another very popular online casino game, a game of skill this time, and a card game. To play Blackjack, the player has to know the rules well, especially considering that there are several variations of Blackjack out there. Some previous experience is definitely an advantage, especially if you’d like to play this game against Live Dealer and other players. However, Blackjack is not very complicated, and can be fun.
Live Dealer games are hosted by real dealers at Live Dealer facilities run mostly by big land based casino companies, or by some of the biggest software providers in the industry. Live Dealers host the table games, and the games are streamed to online casinos, where depositing customers can join and play against the Live Dealer. The main benefit of Live Games is that they are very entertaining and engaging; Dealers often make a show out of the game, meaning that the players are never bored.
Progressive jackpots are also slot games, but they are special. Regular slots also often have jackpot features, but in their case, the jackpot pool is accumulated during one session, or by all players on the platform, which is comparatively not much. Progressive jackpots, however, accumulate their prize pools during all sessions by all players across all platforms that host the game. This makes wins incredible. However, running progressives is expensive, so only two software providers make them on a regular basis – these are Microgaming and NetEnt.
Other games at online casinos can be very variable. The most widespread automated games include Scratchcards, Video Poker, and some table games like Baccarat, Craps, Keno, Binfo, lotteries, etc. The most popular table games, in addition to Roulettes and Blackjacks, are Baccarat, Poker, Craps, Sic Bo, Dragon Tiger, Dream Catcher, Deal or No Deal, etc. Moreover, big casinos often run tournaments, races, and competitions for their loyal customers, giving them even more possibilities to win.