A video deblurring method based on a layered blur model includes estimating a latent image, an object motion and a mask for each layer in each frame using images consisting of a combination of layers during an exposure time of a camera when receiving a blurred video frame, applying the estimated latent image, object motion and mask for each layer in each frame to the layered blur model to generate a blurry frame, comparing the generated blurry frame and the received blurred video frame, and outputting a final latent image based on the estimated object motion and mask for each layer in each frame, when the generated blurry frame and the received blurred video frame match. Accordingly, by modeling a blurred image as an overlap of images consisting of a combination of foreground and background during exposure, more accurate deblurring results at object boundaries can be obtained.