After moving abroad, Petaković played for several years in France (Lille), Belgium (Standard Liège), and the Netherlands (Fortuna '54).
At international level, Petaković was capped 19 times for Yugoslavia between 1954 and 1959, scoring eight goals including a hat-trick in a 5–0 friendly win over England in May 1958.
[2] Soon after hanging up his boots, Petaković started his managerial career at Sloga Kraljevo, taking over in October 1965.
He spent two seasons in charge and led the club to promotion to the Yugoslav Second League in his final year.
Subsequently, Petaković moved to Turkey, having spells as manager with Vefa (1967–68) and İzmirspor (1968–69).