The invention discloses an acrylamide modified graft copolymer and a preparation method and usage thereof. The invention is characterized in that 20 parts of acrylamide, 1-20 anionic monomer and/or cationic monomer, 0.1-15 macromonomer, 0.05-10 ionic lyophobic monomer and 50-1000 deionized water are added into a three-necked reaction bottle, the pH value is adjusted to be 3-9, N2 is introduced for 30min, then 0.002-0.5 part of initiator persulfate is added at 30-75 DEG C, the reaction lasts 8-36h, then copolymer PAB is obtained, and finally water is used for dilution to obtain strong PAB solution. During polymerization, no surfactant is used, and the macromonomer with a long chain and the ionic lyophobic monomer with intermolecular association function are introduced into the copolymer PAB, so the capabilities of cooperative tackification and salt-resistance between the rigid conformation of a molecular chain and the intermolecular association can be played optimally, the PAB exhibits unique solution property and has higher colloidal viscosity in high saline solution than in fresh water, and the PAB obtains the capabilities of tackification, salt resistance, low surface tension and strong molecular association and can be used for the oil-displacing acrylamide modified graft copolymer. The copolymer is prepared into water solution with mass concentration of 0.2-3.0g/L and surfactant concentration of 0.01-2 mmol/L, then the water solution is added into a mixing vessel by a stirring device, and then a polymer oil-displacing agent with tackification, salt resistance and cutting resistance is obtained. The PAB has the functions of both a tackifier and a macromolecule surfactant. The copolymer PAB is prepared into water solution which has mass concentration of 0.05-7%, so the macromolecule surfactant with excellent surface activeness can be obtained and then applicable to an emulsifier, an emulsion splitter, a solubilizer and a wetting agent.