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Table / Crosstable
| Total | Home | Away | |||||||||||||||||||
| Club | G | W | D | L | F-A | P | W | D | L | F-A | P | W | D | L | F-A | P | |||||
| 1. | ÍA | 14 | 9 | 5 | 0 | 24 - 10 | 23 | CC | 5 | 2 | 0 | 15 - 5 | 12 | 4 | 3 | 0 | 9 - 5 | 11 | |||
| 2. | Keflavík | 14 | 7 | 5 | 2 | 24 - 12 | 19 | UC | 3 | 4 | 0 | 12 - 4 | 10 | 4 | 1 | 2 | 12 - 8 | 9 | |||
| 3. | Valur | 14 | 4 | 6 | 4 | 18 - 18 | 14 | CWC | 2 | 3 | 2 | 12 - 12 | 7 | 2 | 3 | 2 | 6 - 6 | 7 | |||
| 4. | ÍBV | 14 | 3 | 7 | 4 | 20 - 20 | 13 | 2 | 3 | 2 | 11 - 11 | 7 | 1 | 4 | 2 | 9 - 9 | 6 | ||||
| 5. | KR | 14 | 4 | 5 | 5 | 16 - 19 | 13 | 3 | 2 | 2 | 9 - 6 | 8 | 1 | 3 | 3 | 7 - 13 | 5 | ||||
| 6. | Fram | 14 | 3 | 6 | 5 | 19 - 20 | 12 | 1 | 3 | 3 | 8 - 10 | 5 | 2 | 3 | 2 | 11 - 10 | 7 | ||||
| 7. | Víkingur | 14 | 2 | 5 | 7 | 14 - 19 | 9 | 0 | 3 | 4 | 6 - 10 | 3 | 2 | 2 | 3 | 8 - 9 | 6 | ||||
| 8. | ÍBA | 14 | 3 | 3 | 8 | 16 - 33 | 9 | 2d | 1 | 1 | 5 | 5 - 15 | 3 | 2 | 2 | 3 | 11 - 18 | 6 | |||
Points system: 2 for win, 1 for draw, 0 for loss
 | 01.09.1974 | Víkingur | – | Valur | 1:2 | ||
Reykjavík | |||||||
| 25.08.1974 | Valur | – | Keflavík | 1:3 | ||
Reykjavík | |||||||
| 10.08.1974 | ÍBA | – | Valur | 0:1 | ||
Akureyri | |||||||
| 25.07.1974 | Valur | – | KR | 2:0 | ||
Reykjavík | |||||||
| 18.07.1974 | Fram | – | Valur | 2:1 | ||
Reykjavík | |||||||
| 12.07.1974 | Valur | – | ÍBV | 2:2 | ||
Reykjavík | |||||||
| 06.07.1974 | Valur | – | ÍA | 0:1 | ||
Reykjavík | |||||||
| 27.06.1974 | Valur | – | Víkingur | 2:1 | ||
Reykjavík | |||||||
| 22.06.1974 | Keflavík | – | Valur | 0:0 | ||
Keflavík | |||||||
| 15.06.1974 | Valur | – | ÍBA | 3:3 | ||
Reykjavík | |||||||
| 10.06.1974 | KR | – | Valur | 2:2 | ||
Reykjavík | |||||||
| 30.05.1974 | Valur | – | Fram | 2:2 | ||
Reykjavík | |||||||
| 25.05.1974 | ÍBV | – | Valur | 1:0 | ||
Vestmannaeyjar | |||||||
| 18.05.1974 | ÍA | – | Valur | 0:0 | ||
Akranes | |||||||
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