Dual-winding bearingless switched reluctance motor (BSRM) is a multivariable high-nonlinear system characterized by strong coupling, and it is not completely reversible. In this paper, a new decoupling control strategy based on improved inverse system method is proposed. Robust servo regulator is adopted for the decoupled plants to guarantee control performances and robustness. A phase dynamic compensation filter is also designed to improve system stability at high-speed. In order to explain the advantages of the proposed method, traditional methods are compared. The tracking and decoupling characteristics as well as disturbance rejection and robustness are deeply analyzed. Simulation and experiments results show that the decoupling control of dual-winding BSRM in both reversible and irreversible domains can be successfully resolved with the improved inverse system method. The stability and robustness problems induced by inverse controller can be effectively solved by introducing robust servo regulator and dynamic compensation filter.