It took place between 4 August 1964 and 24 October 1964, with the final played at Melavöllur in Reykjavík. The cup became more important from this season, as winners qualified for the UEFA Cup Winners' Cup (if a club won both the league and the cup, the defeated finalists would take their place in the Cup Winners' Cup). Teams from the Úrvalsdeild karla (1st division) did not enter until the quarter finals. In prior rounds, teams from the 2. Deild (2nd division), as well as reserve teams, played in one-legged matches. In case of a draw, the match was replayed.
For the fifth consecutive year, KR Reykjavík reached the final, beating IA Akranes 4 - 0. In a first for the competition, there was a match between KR and their own reserve team, for a place in the final.
Football is the most popular sport in Iceland. Iceland hosted the U-18 European Championship in 1997, but an Icelandic national team has qualified for the final competition of a major tournament only five times—three times by the women's national team at UEFA Women's Euro in 2009, 2013 and 2017, and twice by the men's team at UEFA Euro 2016 and the 2018 FIFA World Cup. The only Iceland teams to advance past the group stage at a major tournament were the women in 2013 and the men in 2016.
The 2014 Úrvalsdeild karla, also known as Pepsi-deild karla for sponsorship reasons, was the 103rd season of top-flight Icelandic football. Twelve teams contested the league; the defending champions were KR, who won their twenty-sixth league title in 2013.
The 1972 Icelandic Cup was the 13th edition of the National Football Cup.
The 1960 Icelandic Cup was the first edition of the National Football Cup.
The 1961 Icelandic Cup was the second edition of the National Football Cup.
The 1962 Icelandic Cup was the third edition of the National Football Cup.
The 1963 Icelandic Cup was the fourth edition of the National Football Cup.
The 1965 Icelandic Cup was the sixth edition of the National Football Cup.
The 1966 Icelandic Cup was the seventh edition of the National Football Cup.
The 1967 Icelandic Cup was the eighth edition of the National Football Cup.
The 1968 Icelandic Cup was the ninth edition of the National Football Cup.
The 1969 Icelandic Cup was the 10th edition of the National Football Cup.
The 1970 Icelandic Cup was the 11th edition of the National Football Cup.
The 1971 Icelandic Cup was the 12th edition of the National Football Cup. Víkingur Reykjavík were winners.
The 1974 Icelandic Cup was the 15th edition of the National Football Cup.
The 1975 Icelandic Cup was the 16th edition of the National Football Cup.
The 1985 Icelandic Cup was the 26th edition of the National Football Cup.
The 1986 Icelandic Cup was the 27th edition of the National Football Cup.
The 1988 Icelandic Cup was the 29th edition of the National Football Cup.
The 1989 Icelandic Cup was the 30th edition of the National Football Cup.
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