Career
He played three games for the Danish national team Pedersen started his career with Danish club Silkeborg IF in 1995. He made his debut for the Danish national team in an August 2000 game against the Faroe Islands.
Pedersen signed for Bolton Wanderers on 3 July 2001 for £650,000, both Borussia Dortmund and Stuttgart had expressed interest in taking Pedersen to the Bundesliga that summer as well.
Pedersen scored his first goal for the club on 11 September 2001 in the League Cup second round tie against Walsall, he came on as a second-half substitute for Gareth Farrelly before scoring an extra-time winning goal to seal a 4–3 victory for The Wanderers. Struggling with his performances in the English Premiership, he went on loan back to Silkeborg IF, to aid their fight against relegation in the last part of the 2001-2002 season.
He returned to Bolton for the 2002-2003 season and became an important part of the Bolton squad. At the start of the 2005-2006 season he showed his versatility by playing at left-back in an emergency.
He is known for his "peacock" goal celebration, a treat he developed with fellow Danish player Martin Retov.
He left Bolton Wanderers in May 2007 and signed for Hull City on 13 August 2007. In an injury-hit season, he mainly played on the left of midfield when fit, and also deputised at left-back. On 5 July Pedersen left Hull City, citing family reasons, and re-signed for his third stint at Silkeborg.
He remains popular in England with Bolton due to his six-year spell there.
Pedersen is now retired and lives in Silkeborg where he owns the sports public Målet (English: The Goal). In Denmark he is known by his nickname, Tømrer, which means Carpenter.
2001 Danish Cup.