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He grew up in the railway houses of Avar Street in Buda, Németvölgy. He began playing football in his place of residence, featuring for one of the local teams, ITE, in the fourth division of the youth championship, and he was pivotal in helping the club climb one division at a time almost every year, and in 1928 they also won the first division championship.
In 1928, he was noticed at the youth federation's Christmas round-robin tournament. He received offers from several teams, including Oradea and Ferencvárosi, and in the end, he chose the latter, staying with them for more than a decade, until 1939, and again from 1942 to 1943. He played in a total of 324 Nemzeti Bajnokság I matches, scoring 270 goals.
In 1939, Ferencvárosi lost 1-3 at the home of Bologna. In the second leg, the player, who was already considered "old," was added to the team due to injury. Ferencváros won 4-1, and the goals were all scored by Géza Toldi.
International career
Between 1929 and 1940, he earned 46 caps for Hungary and scored a total of 25 goals. The highlight of his international career came in the 1936-38 edition, where he scored 5 goals, a tally that includes a hat-tricks against Austria in a 5-3 win on 27 September 1936. With 10 goals in the Central European Cup, he is among the top goal scorers in the competition's history. Toldi was also part of the Hungary team that played in two World Cups in the 1930s, in 1934 and in 1938, helping his nation reach the final of the latter, which they lost 2-4 to Italy.
Managerial career
Between 1950 and 1954 he coached Danish top-flight side Odense Boldklub, before he became head coach for AGF Aarhus from 1954 to 1956, where he became the first coach to win the Danish double and in his first season in 1954–55, which also was the first championship and Danish Cup tournament AGF had won. He went on to win his second Danish Championship with AGF in 1955–56, then took over as head coach of Zamalek in 1956–57, and won with the Cairo giants the 1957 Egypt Cup. He then went on and coached the Belgium national football team, the "Red Devils", for six games from 27 October 1957 to 26 May 1958. He was succeeded by Constant Vanden Stock.
Thereafter, he became coach of the Belgian first division team K. Berchem Sport in 1958–59 and 1959–60, before he once again returned to Denmark to coach AGF Aarhus from 1960 to 1964, winning the double in 1960 and thus becoming the most successful coach in the club's very long history. He also coached B 1909.
International goals
Hungary score listed first, score column indicates score after each Sárosi goal.