A fishing system with audio and visual signals is capable of use with both tip ups and tip downs. The fishing system includes a tower like tubular support extending from a base member configured to receive at least on tip down. The tubular support includes a tubular visual signal housed at a location on the support and an audio signal housed within the support. The tubular support includes a first wiring outlet configured for wiring a switch on the tip downs to the audio and visual signals and a second wiring outlet for wiring a switch on the tip ups to the audio and visual signals.