Abstract: A reel comprised of a round cylindrical housing having one integral end wall closure providing a hand grip grip means, and a spool rotatably journaled within the cylindrical housing chamber. The spool includes a rewind handle, extending outwardly of the open mouth of the cylindrical chamber whereby said spool may be rotated in either direction. The fishing line which is normally stored on the spool is manually cast in a conventional manner causing the line to peel off of the spool through the open mouth until it settles in the water. A pair of generally diametrically opposed rewind slots are provided through the cylindrical housing, each being provided with an access slot, opening from the open mouth to the rewind slot, through which the line is passed into the rewind slot after each cast, the pair of slots providing for both right-hand and left-hand use. A snap on the closure cap is included to close the open mouth when the reel is not in use.