The invention discloses a preparation method of watermelon peel feed for breeding sheep. The method comprises the following steps: (1) slicing watermelon peel, and drying the watermelon peel slices at temperature until the water content of the sliced watermelon peel is 30-35%; (2) carrying out solid state fermentation, specifically, spraying mixed bacteria liquid into the dried and sliced watermelon peel, and carrying out fermentation for twice at the constant temperature; (3) frying, specifically, putting the fermented watermelon peel into a drum type frying machine at the temperature of 62-67 DEG C for frying, respectively adding corn flour, peanut meal, liquorice root powder, tea powder, iodine salt and the like, blending and frying; (4) drying, specifically, drying the product at the temperature of 43-47 DEG C until the water content is 13-16%; (5) preparing the feed, specifically, weighing the components such as the watermelon peel powder, the corn flour and plant straw according to the mass, evenly mixing, using a granulator to prepare the watermelon peel feed for breeding the sheep. Compared with corn concentrated feed, the watermelon peel feed for breeding the sheep can enable the sheep to reach the same weight within the same time, and reduces the feeding cost by 15.6%, thus increasing the economic benefit of sheep breeding.