Provided is a preparation method of water-borne acrylic resin emulsion for wood paint. A mixing monomer and emulsifier are mixed and emulsified to form an emulsified and mixed body, a part of the emulsified and mixed body is put into a reaction still, and initiator and water are added. The reaction still is heated, the rest emulsified and mixed body and initiator I are added dropwise, then initiator II is added, temperature is lowered, cross-linking agent is added for reaction, neutralizer is added, then temperature is lowered and the water-borne acrylic resin emulsion is obtained. The mixing monomer comprises crylic acid, methyl methacrylate, butyl acrylate, crylic acid-beta- hydroxyethyl ester, vinyl acetate and the like, the cross-linking agent comprises acrylamide, diacetone-acryloamide and the like, the neutralizer comprises ammonia water, triethanolamine and the like, the initiator I and the initiator II comprise potassium peroxodisulfate, ammonium persulfate and the like, and the emulsifier comprises OP-10, twain-40 and the like. The water-borne wood paint produced through the water-borne acrylic resin emulsion is environment-friendly, non-toxic, unscented, good in rubbing property, high in hardness, good in water-resisting property, and low in cost, and common film lesions such as bubbles, particles and whitening do not occur easily.