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You keep your reel in gear. Since you're bouncing, I'd imagine you're mostly after halibut. The amount of drag you set when bouncing from halibut seems to be personal preference, and it will depend on other factors such as how heavy of a line you're using. You've got to have enough of a drag to get a good hook-set, yet allow for halibut surface freak-out that may happen.
If you'll really bouncing, 1lbs led ball and heavier is usually the weight you want to use.
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