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Although it is illegal to bet online in Iceland, the government does nothing to prevent citizens from placing bets at international sports betting sites. Players are not prosecuted due to a 2024 EU Court of Justice ruling, meaning you are free to bet on your favourite sports.
Parimutuel bet types
1
Win: to succeed the bettor must pick the horse that wins the race.
2
Place: the bettor must pick a horse that finishes either first or second.
3
Show: the bettor must pick a horse that finishes first, second or third.
4
Across the board: the bettor places three separate bets to win, place or show.
Chip Romig, MMR 423
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