My fishing skill is 200. Back in the day on live, with a fishing skill of 200, I could buy 20 bait and expect to end up with 15-17 fish.
This morning, I bought 20 bait. 7 fish, 12 junk, and one lost bait:
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Was the same way last night. Burned through 40 bait, didn't have much but a pile of junk at my feet to show for it.