Abstract: A magnetic bait-release device is an apparatus that houses live bait and remotely releases the live bait with a connected fishing line of a fishing pole. The apparatus includes a tubular housing, a fixed lid, a release lid, and a latch mechanism. The tubular housing contains the live bait with the fixed lid and the release lid. The release lid releases the live bait upon the engagement of the latch mechanism with the connected fishing line of the fishing pole. The latch mechanism includes a trigger bar, a slot, a handle, an eyelet, a compression spring, a fixed magnet, and a free magnet. The fixed magnet is positioned within the tubular housing with the trigger bar. The free magnet is mounted within the release lid. The compression spring forcibly retracted the trigger bar with a pull of the connected fishing line which is connected with the eyelet.