Collingwood's Jaidyn Stephenson has fronted the media on Wednesday afternoon in regards to his suspension from the AFL.

Stephenson was handed a 10-game ban (with a 12-game suspended sentence), as well as a $20,000 fine for betting on three AFL matches Collingwood were involved in.

The 22-year-old had the following to say at the Pies' press conference on Wednesday.

"It was an incredibly stupid thing to do and I now realise the seriousness of what I've done.

"I want to issue an unreserved apology to those I've let down and I hope that, in time, I can earn back the trust that I've lost.

"I was sitting on the couch with my mate and he was doing the same thing. I didn't think about the bigger picture ... impacting on the integrity of the game is just not acceptable.

"Mum and Dad were always big on telling the truth.

"After the third bet, this was accumulating to something that I thought could be a lot bigger, and I had a guilty conscience.

"The first two times, I was oblivious to it.

"Getting it off my chest means I'm able to look at myself in the mirror better than if I hadn't.

"It's almost scared me off gambling altogether. I don't bet on other sports at all, in the Spring Carnival in Melbourne maybe.

"I didn't think about (the bets) while I was out there playing. Afterwards, I would."