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The Danish striker muscled off a challenge from young Newcastle defender Steven Taylor before hoofing the ball into the danger zone which resulted in the ball bouncing into the net much to the bemusement of everybody in the stadium.
"I just saw the goalkeeper was out of position so I tried to get the ball into the danger zone. I just wanted to get something on it," he said.
"I thought Kevin (Davies) managed to get there for a touch but he didn't. It was three important points."
Pedersen also admits he was pleased that Bolton managed to contain their opponents, who had forced their way back into the contest with a series of chances but was delighted to get the first win in nine games after a run which had seen the clubs in the relegation myre gain ground on Wanderers in recent weeks.
"I was a little concerned with Newcastle who were creating chances we but we managed to get hold of them in the second half and kept them away from our goal.
"We were worried because in the last couple of months lower teams have started to get some points."