The utility model relates to the field of oil and gas field exploitation, in particular to an experimental physical model for low-permeability bottom water oil pool exploitation, which comprises a low-permeability consolidated model body. The bottom of the low-permeability consolidated model body is connected with a liquid storage tank, an exploitation system and an electrode testing system are arranged on the low-permeability consolidated model body, and the liquid storage tank is connected with an injection system. The experimental physical model has the advantages that firstly, the physical model can be used for simulating low-permeability bottom water oil pool horizontal well and vertical well exploitation and is applicable to experimental research of rules such as water-driven recovery ratio, distribution of oil remained after water drive, bottom water coning and the like in different exploitation ways at normal temperature and normal pressure; and secondly, the electrode test system determines the quantitative relation between a measuring resistor and a medium to be tested by calibrating electrodes, a standard curve of the resistor and model oil saturation is calculated according to the Archie's formula, and accordingly variation of oil saturation during oil driving by water can be obtained.