How to make a bait-bucket rod holder

This is a bait bucket rod holder. It combines the convenience of a rod holder with the functionality of a bait bucket. The water and bait in the bucket functions as a weight to hold down the rod when a large fish hooks on , ensuring you don't lose your catch.  This is a picture of the final product.

Here is a link to another design:http://www.instructables.com/id/How-to-make-a-rod-holder-bucket/

Materials:    
1: 5 gallon paint bucket
2: 1 foot lengths of 1.25 inch PVC pipe, depending on your rod handle girth
4: 1.5 inch stainless steel bolts with 4 nuts to fit
4: rubber and metal washers to fit the bolts
1: drill / drill bit (same size as the bolts)

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