A combination ice fishing rod useful as a vertical tip-up over an ice fishing hole, a hybrid angled tip-up mode resting on the ice next to the hole, and as a jigging rod. The rod includes a rod tube with an outer end removably holding a conventional rod tip, an enclosed reel housing, and a hollow grip handle aligned with the the rod tube. Three or more folding legs are secured flat against the rod tube, and can be extended radially perpendicular to the rod body to span an ice fishing hole and support the rod vertically over the hole, or at an angle relative to the hole using two legs as a bipod. The grip handle contains an axial signal post selectively latched to the spool in the reel housing, the post released when a fish strikes the line. The rod can be immediately engaged as a reel-operated jigging rod from either the vertical or hybrid tip-up modes.
