Most of the one's I've seen done are a simple "loop to Loop" so you put it over the spool or the reel.
ie dacron = a big loop to go over the reel/spool tied with a double overhand knot. This allows going over the spool of wire/dacron and the reel while using a small "loop/eye" on the wire side.
I think mikecc gave this tip. He's been very helpful. Wish his store was closer.
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