Vicky Peretz was one of the most successful players ever acquired by Maccabi Tel Aviv at a time when players didn't switch clubs with the frequency they do today. As a result of that success he came to be identified with the name Maccabi Tel Aviv. He began his footballing career with Maccabi Ramat Amidar and joined Maccabi Tel Aviv in the1973/74 season for a sizeable fee and a number of players as counterweight. The 20 year-old quickly captured the role as the club's lead goal scorer, with 19 goals in his very first season. The distribution of those goals however was skewed, and heavily in favour of Cup matches: six in the league and thirteen in ten appearances in the Israel Football Association's State Cup competition, and that in a season when Maccabi exited in the semi-finals.

Peretz had to wait until the 1976/77 for his first title for Maccabi, but when his turn came it was a double, both the championship and the State Cup. The contribution of this lethal centre forward was significant in both competitions, 17 goals in the league and another 5 in Cup matches, including an unforgettable foursome in the semi-final against Maccabi Netanya. Those seventeen league goals ended a picture perfect season for Peretz and earned him the personal title of the league's leading goal scorer.

A season earlier Peretz had already shown signs of his goalscoring potential as a member of the Israeli national squad playing in the 1976 Olympics in Canada. He scored in the 1-1 draw against France and in the 1-4 loss to a great Brazilian side but the results failed to get his side past the group stage. In all Peretz scored 14 goals in 40 appearances for the national team, including a hat-trick in a 4-1 friendly victory over Greece.

Back at home with Maccabi, Peretz continued to terrorise opposition goalkeepers and in the 1978/79 season helped his club to a second championship with 12 league goals and 17 in all competitions. The intimidating striker caught the attention of clubs abroad as well and in 1980 he signed for the prestigious French side RC Strasbourg, where he spent two seasons. He then moved on to a second French club,  Stade Rennais F.C. before returning to Maccabi in 1983/84 for two more seasons. He finished his career at Shimshon Tel Aviv but not before accumulating an impressive 67 league goals and 100 goals in all competitions in a total of 245 appearances in a yellow-and-blue jersey.