The Icelandic Premier League is the top professional soccer division in Iceland.  Despite the nation's small population, the quality of this league has helped to foster one of the most successful periods in history for the Icelandic national football team.  OddsJet compares Icelandic Premier League odds from several licensed Australian betting sites and offer AUD accounts.  This allows OddsJet to display the best odds for every match on the schedule and to maximize potential returns for Australian bettors.  Users can toggle between 1X2 match odds as well as Double Chance odds. 

Icelandic Premier League Odds Explained  

1X2 Match Betting

This is the most popular betting market for Iceland’s top soccer division.  Here, one is simply wagering on the Full-Time result of a given match: 1 – a Home Win, X – a Draw, 2 – an Away win.

Double Chance Betting

This is a variation of typical 1X2 match betting whereby one selects any two of the three possible outcomes: 1,X – Home Win or Draw.  X,2 - Draw or Away Win.  1,2 - Home Win or Away Win.  This allows for a hedging of one’s bet.  In doing so, the odds will be lower than for a typical 1X2 match result odds.

Icelandic Premier League odds expressed in American, Decimal and Fractional formats

For American odds format, there are two sets of expressions to remember, but both revolve around the figure of $100. First, negative numbers express how much one needs to wager in order to win a profit of $100.  When the odds are below even-money, one will see a negative number.  An example would be Stjarnan to win at -320, which means that one would need to stake $320 in order to win a profit of $100, for a total return of $420.  If you only wanted to bet $50, your potential profit would be $15.63.  When the odds are above even, American odds format displays a positive figure which expresses how much one could win when $100 is staked.  For example, match odds of +350 for a draw means that a stake of $100 wins $350 in profit for a total return of $450. 

For Decimal odds format, the odds express the full amount that will be returned on your wager including the stake amount.  Simply multiply the odds by the stake. For example, if Valur is listed to win at 1.67, a $100 bet would return a total of $167 including your stake, so the profit is $67.  A draw with decimal odds of 3.45 would return $345 on a bet of $100. 

For Fractional format, the odds express the amount of profit that will be returned on a wager.  So for example, with a wager of $100 and odds of 4/9 (said four-to-nine) on FH to win, one would see a profit of $44.44 (100 X 4/9) plus the stake for a total return of $144.44.