The best bait for ice fishing typically consists of live or preserved natural options that mimic the sluggish forage available during winter months. Live minnows hooked on tip-ups or dead-sticks are exceptional for attracting large predatory species like northern pike and walleye. For panfish such as bluegill, crappie, and yellow perch, live wigglers, waxworms, and small plastic micro-jigs scented with fish attractants provide subtle, highly effective presentations that tempt cold, lethargic fish into striking.