| 2. Round | 04/12/1932 | Racing Santander | - | Athletic Club | 0:1 | ||||
| 3. Round | 11/12/1932 | Espanyol Barcelona | - | Racing Santander | 2:1 | ||||
| 4. Round | 18/12/1932 | Racing Santander | - | Valencia CF | 2:0 | ||||
| 5. Round | 25/12/1932 | Arenas de Getxo | - | Racing Santander | 2:1 | ||||
| 6. Round | 01/01/1933 | Racing Santander | - | Real Betis | 2:2 | ||||
| 8. Round | 17/01/1933 | Racing Santander | - | Donostia FC | 7:1 | ||||
| 12. Round | 12/02/1933 | Racing Santander | - | Espanyol Barcelona | 3:1 | ||||
| 13. Round | 19/02/1933 | Valencia CF | - | Racing Santander | 6:2 | ||||
| 14. Round | 26/02/1933 | Racing Santander | - | Arenas de Getxo | 2:1 | ||||
| 15. Round | 05/03/1933 | Real Betis | - | Racing Santander | 3:2 | ||||
| 16. Round | 12/03/1933 | Racing Santander | - | Real Madrid | 4:2 | ||||
| 17. Round | 19/03/1933 | Donostia FC | - | Racing Santander | 8:0 |
Spain