The tournament is an eight team tournament with the third and fourth seeds receiving a first round bye and the two divisional winners receiving byes through to the semifinals.
The top team in each division, based on conference winning percentage, automatically earns a berth into the OVC Tournament. The next six teams with the highest conference winning percentage also earn a bid, regardless of division. The 1st seed goes to the divisional winner with the higher conference winning percentage, while the No. 2 seed automatically goes to the other divisional winner. The remaining six teams are seeded 3-8 by conference winning percentage, regardless of division.