Trealaw, Glamorgan born centre forward Tom Walters began his football career with Southern League Merthyr Town in 1930 before joining First Division Bolton Wanderers for £1,000 in May 1931, making his Football League debut against Grimsby Town that September. But he had only a single season at Burnden Park, scoring once in 5 appearances, all those games coming in September, before losing his place and joining Crystal Palace in May 1932. He scored four goals in 14 appearances for The Eagles before a free transfer to Exeter City in May 1933, where he had scored four times in 6 appearances by the time he was signed by Torquay United the same November.
He scored 13 goals during 1934-35 but in May 1935 was transferred to Watford after 15 goals in 32 appearances for The Gulls, and he scored in each of his first three League appearances for Watford, and in the same season hit two hat-tricks in the space of five games against Cardiff City and Southend United in April 1936. After 3 seasons at Vicarage Road, scoring 31 goals in 66 appearances, he joined Clapton Orient on a free transfer in June 1938, scoring 9 goals in 23 appearances for The O’s before joining non league Dartford in August 1939, just before the outbreak of the Second World War. During the War he returned to Watford to play as a wartime guest, scoring 14 goals in 30 wartime appearances between 1940 and 1942.