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Although I have never bought any cheap and nasty reels for myself; and I still haven’t; there are a few cheap reels out there that are quite good like the cheap reel that I won on another forum and which is pictured below (NB: the forum in question doesn't exist any more) This seven bearing reel (which I originally gave to my wife but later put into use at my holiday caravan) and which cost very little; has been used a great deal over the last 10 to 15 years and has caught countless Tench and smallish Carp from the lake there with absolutely no sign of it failing at all; and it still runs very smoothly. I’ve now come to the conclusion that not all cheap reels are rubbish and I was quite surprised by this myself. Although by choice I would still only buy top of the range or ‘near’ top of the range reels myself; but this one was just a prize I had won on a forum and as it happens was surprisingly not a bad reel at all. Maybe not quite as good as the reels I’ve bought myself and which I paid a lot more for; but it was certainly not a bad reel at all. Keith

It can also be about how often you fish, & the gear one already has! If you're fishing 3 or 4 times+ a week then chances are you'll need better (dearer) reels. I'm still using 3 Grice & Young Centrepins (all from 50's & early 60's) Cos that's how I like to fish even on Commercial Matches, mixed with Pole & Feeder of course.