It generally takes place at the start of the Iceland domestic season, in May and has been running uninterrupted since 2003 (when the holders of the 2002 titles met).

The most successful team is Valur with a total of eleven wins.

4 - ÍBA (later split into Þór A. and KA) and Keflavík played four matches for the title, twice home and twice away.

The league champions were third that year (ÍA in 1971, Fram in 1973 and Keflavík in 1974).

The cup champions were third that year (Víkingur R. in 1972, Valur in 1975 and ÍA in 1979).