In fear of getting completely ridiculed I have yet to ask this question... but I will anyway.

I've been hearing a lot about a wire dipsey set up lately. How is that set up?

 I have used wire on boards, but I have not seen or witnessed a dipsey wire set.

 I personaly use mono slide divers and that's really simple. No problems in using them.

I assume the wire is in front of the dipsey and the line is played out just like a traditional dipsey. Correct?

 So my thinking is wire spooled on reel with small swivel, then 75' ish floro  leader then bait?

 I have looked online for a "directions on spooling and set up" but I can't seem to find the answers to fill in the blanks.

 Unlike other places on here, I have found you Great Lakes guys are very nice to us beginners and I'm just looking for advice. I'm thinking I'm possibly missing out and should have this in my arsenal for next year.