| Season: | 1950 |
| Nextseason: | 1951 |
Statistics of Úrvalsdeild in the 1950 season.
It was contested by 5 teams, and KR won the championship. Fram's Ríkharður Jónsson and Lárus Hallbjörnsson, as well as ÍA's Þórður Þórðarson, Valur's Halldór Halldórsson and Víkingur's Gunnlaugur Lárusson, were the joint top scorers with 3 goals.