Ipswich teenager Teddy Bishop has apologised after admitting to a charge of breaching the Football Association's betting rules.
The 18-year-old midfielder was fined £3,000 and warned to his future conduct by a Football Association disciplinary hearing on Friday.
Bishop, who broke into the Ipswich first team this season, said he took full responsibility for the breaches, which are understood to have been at the lower end of the scale.
"It has been a very worrying time for me and I'd like to apologise to the manager and Ipswich Town," Bishop told the club's official website.
"I have no one to blame but myself for not being fully aware of the restrictions in betting on football.
"I am only young and I'm learning all the time about experiences in life and in football. This is an experience I won't forget. It has been a massive learning curve for me."
None of the bets placed by Bishop were on games involving Ipswich, while new rules regarding football betting came into force from Aug. 1 last year.
The rules state that anyone involved in the sport at any level -- from players and managers to match officials and club staff -- is banned from betting on football, in any capacity, worldwide.
Participants covered by the ban are prohibited from betting, either directly or indirectly, on any football match or competition that takes place anywhere in the world. The ban was for bets on any football-related matter; from match outcomes, to the transfer of players, employment of managers or team selection.
The passing of inside information to somebody that uses that information for betting is also prohibited.
Ipswich's managing director Ian Milne said: "Teddy has apologised to Mick McCarthy and the club for his actions.
"Like the rest of the playing squad and the club staff in general, he was made aware of the guidelines regarding betting on football matches at the start of the season.
"He has accepted his punishment and we have reiterated to him the responsibilities he has as an employee of Ipswich Town Football Club but it is worth noting that the bets were all for small amounts of money and while placed under Teddy's name, were shared amongst his friends away from the game.
"He is young and has made a mistake. He is aware of that and will certainly learn from it."