Ollerton has a long history of local football going back to the late 1800s. One of its best periods was immediately before the Second World War when Ollerton Colliery won the Notts Senior Cup in 1937/38 and its reserve team won the Notts Intermediate Cup the year previous.
In 1930, a side called Ollerton Forest defeated Welbeck Athletic 3–0 in the North Notts Senior Cup final at Mansfield Town's Field Mill stadium. This is believed to be the first competitive football game in England to be played under floodlights and more can be read about it here.
Ollerton Colliery ceased as a football club in the early 1980s but was reformed as Ollerton & Bevercotes F.C in 1988. The club won the Nottinghamshire Football Alliance Division Two championship in 1992–93, gaining promotion to Division One under the management of Adge Owen and David Kent.
Following the closure of the colliery in 1994, the club changed its name to Ollerton Town F.C. In the same year, Ollerton were champions of Division One in 1995–96 and were promoted to the top division of the Notts Alliance. After finishing runners-up in 1999–2000, the club was promoted to the Central Midlands League and entered the English Football Pyramid.
In the 2007–08 season, Ollerton, under the management of Don Gethfield, David Kent and Anthony Thompson, the club won the Central Midlands Premier Division, earning promotion to the Supreme Division. That season they also reached the Nottinghamshire Senior Cup final where they were beaten 2–0 by Eastwood Town.
In 2008–09, the club took part in the FA Vase for the first time, getting to the second round proper in 2009–10.
After the resignation of Don Gethfield back in 2011, and a brief stint under Paul Rawden, the club appointed Dave Winter and Stephen Bodle as first team managers. The pair guided the club to the Central Midlands Floodlit Cup final in their first season.
For the 2011–12 season, the club was placed in the Central Midlands North Division following a league restructure.
In the 2015–16 season, with former-captain Jamie Allan now also on board as first-team coach, the club secured promotion to the Northern Counties East League after finishing runners-up in the Central Midlands North Division.For the 2020-21 season the club have been moved to the East Midlands Counties League