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Women Only
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What is Masterbating?
When one becomes so proficient and trained in his or her craft, they earn the title "Master". This applies to carpentry (Master Carpenter), plumbing (Master Plumber), and bait shops, hence, MasterBaiter.
It's when you bate your master of course!
It is what women call taking a bubbble bath, masterbating
If you bate your master twice, would that be a rebate?
When fishing tournaments we always hire a couple mates. Their job is take care of the rods, keep the cockpit in a ready state for a strke by a large fish, and of course rigging the baits. One of the two mates is the MasterBaiter.