To provide a reel for fishing capable of changing the direction of a spool itself, thereby releasing one end of the spool, smoothly delivering a fishing line in a spiral form and thereby readily handled while retaining high performances.

This spool movable and horseshoe type double bearing reel is capable of releasing one end of a spool 2 facing the direction of an outlet when releasing a shaft 6 and a gear 7 of the spool 2 and fixing the spool 2 with a sliding plate 8 on the side descended to the lower part at this time. A power for the movement is produced by a magnetic force or a spring, a gear, etc.