In order to address issues such as large rebound rate, high dust concentration, and low compressive strength of shotcrete when adding liquid accelerator during wet spraying, the factors influencing the efficiency of liquid accelerator were experimentally analyzed. The single-admixture, combination, and orthogonal tests were conducted on the five fundamental raw materials required to develop the new liquid accelerator. The WT-1 type liquid accelerator, which had better adaptability to different kinds of cement, was developed with the mass concentration ratio of 55% aluminum sulfate octadecahydrate, 4% sodium fluoride, 2.5% triethanolamine, 0.5% polyacrylamide, 5% bentonite, and 33% water. Experimental investigation showed that the initial setting time of the reference cement with 6% mass content of this liquid accelerator was 2 minutes and 15 seconds, and the final setting time was 7 minutes and 5 seconds. The compressive strength after 1 day of curing was 13.6 MPa and the strength ratio after 28 days of curing was 94.8%, which met the first grade product requirements of the China National Standard. Compared with the conventional type liquid accelerator, the proposed type WT-1 accelerator is capable of effectively reducing the rebound rate and dust concentration while significantly increasing the compressive strength of the shotcrete.