EB/Streymur were top of the league throughout most of the season, with HB Tórshavn, B36 Tórshavn and NSÍ Runavík staying in contention. With 4 matches left to play, EB/Streymur were 7 points ahead of second placed HB, but after 1 draw and 1 loss for EB/Streymur, HB managed to reduce that lead by 2 points by winning twice. By this time B36, KÍ and NSÍ were out of the title race. With one match left to play, HB Tórshavn's only chance of securing the title was if EB/Streymur lost to KÍ Klaksvík. In addition to that, HB had to win their match against ÍF. But as both matches were locked in stalemates and time was ebbing out, EB/Streymur were on the way to winning the title. But then, 82 minutes into the match between EB/Streymur and KÍ, events took a dramatic twist, as Paul Clapson put KÍ 1-0 up against EB/Streymur with a long range effort. But EB/Streymur were still champions at this stage, because HB didn't seem to be able to capitalize on the golden opportunity given by EB/Streymur and KÍ.
88 minutes had gone in the match between HB and ÍF, and still HB hadn't scored the crucial goal that would hand them the title. But in a last desperate effort, HB's central defender Vagnur Mohr Mortensen joined the attack. A long high ball was sent into ÍF's penalty area on the left where Vagnur headed the ball over a stranded goalkeeper and into the goal for a 1-0 lead and, more importantly, secured HB the 2006 championship title. Deep into stoppage time, Rógvi Jacobsen added another and HB won 2-0.