Abstract: Rig for ice fishing comprising a tripod-mounted ring supporting a windlass having a shaft which spans a diameter of the ring and which carires a reel for rotation therewith. The legs can be folded against the bottom of the ring for storage and transportation. An anti-freeze tube through which the line may be unreeled extends beneath the ring. A spring-steel flag-staff is mounted in such a way on the ring that it can be partially wrapped around the ring for storage and can be swung upwardly and arcuately flexed across the top of the ring for use. The free end of the staff can be hooked to a bend in an end of the shaft so as to be released and signal the fisherman if a fish takes the line and thereby revolves the shaft.