The invention provides a fish eye video real-time panoramic correction method based on a spherical surface spreading model and belongs to the field of image video processing. The method includes the following steps: fish eye image acquisition, fish eye image pre-processing, fish eye image profile extraction, image geometrical relation converting, re-projection based on fish eye image, and fish eye video roaming. According to the invention, the method includes the following specific steps: after acquiring a fish eye video, firstly resolving the radius of a corresponding "spherical model" of a fish eye image, then performing selection, and restoring each pixel of each frame of fish image to one "spherical model"; then expanding each pixel of the spherical surface to one correction plane according to a corresponding spherical arc; and finally conducting sampling and interpolation on the corrected pixels to obtain a corrected image of the fish eye image. According to the invention, compared with algorithms of same types, the method overcomes the limitation of wide viewing angle and timeliness, addresses unexpandability of the spherical surface, effectively increases image correction precision, achieves fish eye video panoramic expanding, meets real-time applications, has certain robustness for fish eye cameras of different models, and has strong practicality.