The present invention comprises a fishing ice hole flaring apparatus having a triangle-shaped base that that includes a pair of hinged arms each having a cutting blade attached thereto, a central shaft having a first end and a second end, the central shaft extending through the apex region of the triangle-shaped base proximal the first end, a pair of retraction cable attached to a portion of their corresponding hinged arms, a cable housing attached to a portion of the central shaft and running parallel to the central shaft and supporting a portion of each of the retraction cables therein, a cable retraction knob attached to the first ends of the retraction cables, the cable retraction knob operable to move the pivotably move the hinges arms between a retracted position and an in use position, and a z-shaped cranking handle system manually rotatably power the apparatus.
