He was a deep-lying inside forward, or offensive midfielder by today's terminology, who spent his entire playing career at his hometown club Fredrikstad FK, where he was a key player during the club's most successful period in the 1950s and early 1960s.

[2] In 1960, Pedersen scored one of the goals when Fredrikstad defeated Ajax 4–3 in the European Champions Cup, as well as the return leg in Amsterdam which ended in a goalless draw.

[3] In total, Pedersen played 231 matches for Fredrikstad in the Norwegian league, scoring 107 goals, between 1950 and 1966.

[6] Pedersen made his international debut in a 1958 World Cup qualification match against Hungary in November 1957.

[1] After his retirement as a player in 1966, Pedersen coached several clubs in the Østfold region, including Fredrikstad from 1971 to 1973.