[1] Varegg played in the top division of Norwegian football for three seasons in the 1950s, attracting average crowds of about 6,000.

[2] Their best finish was 6th in Group A in 1952/53, ahead of local rivals SK Brann and Årstad IL, who were relegated.

Varegg were narrowly relegated in the 1955/56 season though beating rivals Brann in both games, and have not played in the top flight since.

In the 1971 Norwegian Football Cup Varegg reached the quarter-finals, and attracted a crowd of more than 20,000 at Krohnsminde against eventual winners Rosenborg BK.

Until the rise of suburban teams such as Fyllingen, Åsane, Fana and Løv-Ham in the late 1980s, Varegg was recognized as the second best club in Bergen, after Brann.