The first edition of the Icelandic Cup championship took place in 1965, and was won by
Ármann. In 1968 and 1969, the cup competition was not held, but it has been held regularly every year from 1970 onward. Teams in
Úrvalsdeild karla and
Division I have an automatic
bye to the Final 32 while lower league teams might have to play preliminary rounds for a place, depending on the number of teams. All the rounds are played with a single game knockout format. The final four and the finals are played on a single weekend. Finally, the winner of the Icelandic Cup championship, or the runner-up if the same team wins both the cup and national championship, will then face the winner of the
Úrvalsdeild karla championship in a single game to determine the winner of the
Icelandic Supercup championship in the beginning of the next season. == Title holders ==