According to the principles of the present invention a combination sinker and bait stabilizer for a fishing hook is provided. The device is intended for use with a fishing hook having a curved shaft and a sharp tip extending from the curved shaft. The device includes an attachment portion including an eye adapted for receiving the curved shaft through the sharp tip and for lying on the curved shaft. The device further includes first and second capture members attached to the attachment portion and spaced apart from each other, the first and second capture members lying in a plane lateral to the plane of the fishing hook and extending upwardly to be inserted into a portion of a soft bait to maintain the soft bait laterally to the fishing hook.