A fishing reel housing for attachment to a rod along a longitudinal rod axis. The housing has a shaft for accepting a central bore of a line dispensing spool and an adjustment mechanism for selectively adjusting the shaft in position transversely away from the rod axis while maintaining its position along the rod axis. A fishing reel comprises the reel housing with a spool with a central bore mounted thereon. A fishing apparatus comprises at least one rod having a mount to support a fishing reel thereon with the reel mounted on thereon. A kit comprises the reel housing and at least one line dispensing spool having a central bore for mounting on the shaft of the fishing reel housing and may comprise one or more rods, lines and/or lures.