| Rank | BIB | Name | Year | Club | Time | Chiptime | |||
|---|---|---|---|---|---|---|---|---|---|
| 1 | 1567 | Jóhann Karlsson | 1948 | 00:48:27 | 00:48:17 | ||||
| 2 | 364 | Þorvaldur Kristjánsson | 1949 | Laugaskokk | 00:57:35 | +09:08 | 00:57:19 | ||
| 3 | 988 | Helgi Halldórsson | 1951 | Höttur | 00:58:19 | +09:52 | 00:58:04 | ||
| 4 | 360 | Gunnar J Geirsson | 1944 | Laugaskokk | 01:12:23 | +23:56 | 01:12:03 |