The invention discloses slow-release collapse-preventing type polycarboxylic water reducing agent and a preparation method thereof, and belongs to the field of preparation of the water reducing agent. The slow-release collapse-preventing type polycarboxylic water reducing agent consists of methyl allyl polyoxyethylene ether, acrylic acid, methyl acrylic polyethylene glycol monoester, imide, initiator, vitamin C, chain transfer agent and deionized water. The preparation method comprises the following steps of: preparing macromonomer methyl allyl polyoxyethylene ether, acrylic acid, methyl acrylic polyethylene glycol monoester, imide and vitamin C; under the action of the polymerization initiator and the chain transfer agent, dissolving the methyl allyl polyoxyethylene ether into deionized water, rising temperature to 40 DEG C for dissolving, adding the initiator, then respectively dripping water solution A prepared by dissolving the chain transfer agent, the acrylic acid, the methyl acrylic polyethylene glycol monoester and the imide in the deionized water and V.C water solution B, and after the dripping is finished, carrying out insulation, cooling and neutralization to obtain a finished product. The slow-release collapse-preventing type polycarboxylic water reducing agent disclosed by the invention has the advantages that the loss and the evaporation of water in concrete due to long-time transportation and higher temperature are effectively prevented, and the difficulty of excessively-fast slump loss of the concrete in engineering is solved.