Bill,
Most "eelbob's" will tend to ride hook down because of the keel effect of the hook, some will even ride sideways. If you're worried about the belly or white side of the eel being on top during the retrieve just reverse the way you rig it. That said, in my experience (which is extensive) it doesn't make a difference whether the dark or white side of the eel is on top, the side, or bottom during the retrieve. It's the action…. The key to a true eelbob is the swinging hook – believe me, it makes all the difference. Otherwise everyone would rig them on jig heads with fixed hooks.
One more thing, if you find your eelbob spinning at a fast rate upon retrieve - re-rig it because the eel is probably curled and not straight. A slow spin is OK.
DZ
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