| 1. Ronde | 27.11.1932 | Deportivo Alavés | - | Racing Santander | 8:2 | ||||
| 2. Ronde | 04.12.1932 | Racing Santander | - | Athletic Club | 0:1 | ||||
| 3. Ronde | 11.12.1932 | Espanyol | - | Racing Santander | 2:1 |  |
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| 4. Ronde | 18.12.1932 | Racing Santander | - | Valencia CF | 2:0 | ||||
| 5. Ronde | 25.12.1932 | Arenas de Getxo | - | Racing Santander | 2:1 | |
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| 6. Ronde | 01.01.1933 | Racing Santander | - | Real Betis | 2:2 | ||||
| 7. Ronde | 08.01.1933 | Real Madrid | - | Racing Santander | 4:1 | ||||
| 8. Ronde | 17.01.1933 | Racing Santander | - | Donostia FC | 7:1 | |
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| 9. Ronde | 22.01.1933 | FC Barcelona | - | Racing Santander | 4:0 | ||||
| 10. Ronde | 29.01.1933 | Racing Santander | - | Deportivo Alavés | 9:0 | |
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| 11. Ronde | 05.02.1933 | Athletic Club | - | Racing Santander | 9:5 | |
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| 14. Ronde | 26.02.1933 | Racing Santander | - | Arenas de Getxo | 2:1 | ||||
| 15. Ronde | 05.03.1933 | Real Betis | - | Racing Santander | 3:2 | ||||
| 16. Ronde | 12.03.1933 | Racing Santander | - | Real Madrid | 4:2 | ||||
| 17. Ronde | 19.03.1933 | Donostia FC | - | Racing Santander | 8:0 | ||||
| 18. Ronde | 26.03.1933 | Racing Santander | - | FC Barcelona | 4:4 | |
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