Abstract: A dual leverage reel of the type used for fishing is constructed so as to have an effective lever arm of adjustable length. The reel employs a crank arm that includes a pair of detent recesses, one of which is located at a distance from the crank arm axis, and the other which is located on or closer to the crank arm axis. A crank arm extension is rotatably coupled to the crank arm at a crank arm extension axis that is parallel to the crank arm axis. The crank arm extension axis passes through the crank arm equidistant from both of the detent recesses. The crank arm extension axis divides the crank arm extension into a longer section having a free end and a shorter section having a latchable end. A retractable detent pin is mounted on the shorter section of the crank arm extension at the latachable end thereof. The retractable detent pin is located at the same distance from the crank arm extension axis as the distance between each of the detent recesses and the crank arm extension axis.