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I use a cheap Home Depot Tarp Clip tied on the hull and close to waterline. Less expensive than an outrigger release clip. Rod in holder, line runs down and into the clip. Keeps it close to water and it pops out of the clip on a strike. I usually troll small Rapalas Sinking Magnums #11 and big Krocs with good luck.
I like that rubber band trick, I'll have to give it a try.
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