
| # | Félag | L | U | T | Stig | Nett | Stig |
| 1. | UMFN | 20 | 17 | 3 | 1698:1496 | 202 | 34 |
| 2. | KEFLAVÍK | 20 | 14 | 6 | 1512:1366 | 146 | 28 |
| 3. | VALUR | 20 | 11 | 9 | 1438:1405 | 33 | 22 |
| 4. | KR | 20 | 10 | 10 | 1457:1489 | -32 | 20 |
| 5. | HAUKAR | 20 | 8 | 12 | 1537:1541 | -4 | 16 |
| 6. | FRAM | 20 | 0 | 20 | 1246:1591 | -345 | 0 |
| DAGUR | TÍMI | VÖLLUR | LEIKUR | ÚRSLIT |
| 3.10.1986 | 00:00 | NJARÐVÍK | UMFN - KR | 89-67 |
| 5.10.1986 | 00:00 | STRANDGATA | Haukar - Fram | 83-62 |
| 5.10.1986 | 00:00 | SELJASKÓLI | Valur - Keflavík | 61-50 |
| 10.10.1986 | 00:00 | NJARÐVÍK | UMFN - Haukar | 73-58 |
| 16.10.1986 | 00:00 | KEFLAVÍK | Keflavík - Fram | 86-46 |
| 18.10.1986 | 00:00 | STRANDGATA | Haukar - KR | 82-77 |
| 19.10.1986 | 00:00 | SELJASKÓLI | Valur - UMFN | 75-73 |
| 21.10.1986 | 00:00 | HAGASKÓLI | KR - Keflavík | 66-62 |
| 23.10.1986 | 00:00 | KEFLAVÍK | Keflavík - UMFN | 72-64 |
| 26.10.1986 | 00:00 | HAGASKÓLI | KR - Fram | 74-55 |
| 26.10.1986 | 00:00 | STRANDGATA | Haukar - Valur | 73-80 |
| 28.10.1986 | 00:00 | HAGASKÓLI | Fram - Valur | 49-57 |
| 31.10.1986 | 00:00 | NJARÐVÍK | UMFN - Fram | 79-65 |
| 2.11.1986 | 00:00 | STRANDGATA | Haukar - Keflavík | 72-78 |
| 2.11.1986 | 00:00 | SELJASKÓLI | Valur - KR | 67-69 |
| 6.11.1986 | 00:00 | KEFLAVÍK | Keflavík - Valur | 71-50 |
| 8.11.1986 | 00:00 | HAGASKÓLI | KR - UMFN | 79-80 |
| 9.11.1986 | 00:00 | HAGASKÓLI | Fram - Haukar | 47-67 |
| 13.11.1986 | 00:00 | KEFLAVÍK | Keflavík - KR | 87-58 |
| 13.11.1986 | 00:00 | STRANDGATA | Haukar - UMFN | 64-72 |
| 16.11.1986 | 00:00 | SELJASKÓLI | Valur - Fram | 82-54 |
| 21.11.1986 | 00:00 | NJARÐVÍK | UMFN - Valur | 88-66 |
| 23.11.1986 | 00:00 | HAGASKÓLI | Fram - Keflavík | 65-82 |
| 23.11.1986 | 00:00 | HAGASKÓLI | KR - Haukar | 73-69 |
| 28.11.1986 | 00:00 | NJARÐVÍK | UMFN - Keflavík | 72-55 |
| 29.11.1986 | 00:00 | HAGASKÓLI | Fram - KR | 56-62 |
| 30.11.1986 | 00:00 | SELJASKÓLI | Valur - Haukar | 81-67 |
| 4.12.1986 | 00:00 | KEFLAVÍK | Keflavík - Haukar | 96-83 |
| 7.12.1986 | 00:00 | HAGASKÓLI | Fram - UMFN | 85-103 |
| 7.12.1986 | 00:00 | HAGASKÓLI | KR - Valur | 66-77 |
| 10.12.1986 | 00:00 | STRANDGATA | Haukar - Fram | 77-55 |
| 14.12.1986 | 00:00 | HAGASKÓLI | KR - UMFN | 83-102 |
| 14.12.1986 | 00:00 | SELJASKÓLI | Valur - Keflavík | 54-68 |
| 15.1.1987 | 00:00 | KEFLAVÍK | Keflavík - Fram | 80-60 |
| 18.1.1987 | 00:00 | NJARÐVÍK | UMFN - Haukar | 77-70 |
| 18.1.1987 | 00:00 | HAGASKÓLI | Fram - Valur | 50-86 |
| 22.1.1987 | 00:00 | KEFLAVÍK | Keflavík - KR | 92-52 |
| 25.1.1987 | 00:00 | SELJASKÓLI | Valur - UMFN | 85-90 |
| 29.1.1987 | 00:00 | STRANDGATA | Haukar - Valur | 66-75 |
| 30.1.1987 | 00:00 | NJARÐVÍK | UMFN - Keflavík | 95-84 |
| 1.2.1987 | 00:00 | HAGASKÓLI | KR - Fram | 61-56 |
| 5.2.1987 | 00:00 | KEFLAVÍK | Keflavík - Haukar | 79-82 |
| 8.2.1987 | 00:00 | HAGASKÓLI | Fram - UMFN | 80-93 |
| 8.2.1987 | 00:00 | SELJASKÓLI | Valur - KR | 61-69 |
| 13.2.1987 | 00:00 | NJARÐVÍK | UMFN - KR | 72-67 |
| 15.2.1987 | 00:00 | HAGASKÓLI | Fram - Haukar | 65-80 |
| 15.2.1987 | 00:00 | KEFLAVÍK | Keflavík - Valur | 73-70 |
| 19.2.1987 | 00:00 | STRANDGATA | Haukar - UMFN | 103-113 |
| 22.2.1987 | 00:00 | HAGASKÓLI | KR - Keflavík | 86-61 |
| 22.2.1987 | 00:00 | SELJASKÓLI | Valur - Fram | 76-69 |
| 26.2.1987 | 00:00 | STRANDGATA | Haukar - KR | 105-94 |
| 27.2.1987 | 00:00 | NJARÐVÍK | UMFN - Valur | 92-80 |
| 4.3.1987 | 00:00 | VALSHÚS | Valur - Haukar | 93-85 |
| 5.3.1987 | 00:00 | KEFLAVÍK | Keflavík - UMFN | 83-81 |
| 6.3.1987 | 00:00 | HAGASKÓLI | Fram - KR | 71-90 |
| 12.3.1987 | 00:00 | HAGASKÓLI | Fram - Keflavík | 81-83 |
| 13.3.1987 | 00:00 | HAGASKÓLI | KR - Haukar | 81-83 |
| 15.3.1987 | 00:00 | HAGASKÓLI | KR - Valur | 83-62 |
| 15.3.1987 | 00:00 | NJARÐVÍK | UMFN - Fram | 90-75 |
| 15.3.1987 | 00:00 | STRANDGATA | Haukar - Keflavík | 68-70 |