Bait fish are small fish caught for use as bait to attract large predatory fish, particularly game fish. Species used are typically those that are common and breed rapidly, making them easy to catch and in regular supply. Examples of marine bait fish are anchovies, halfbeaks such as ballyhoo, and scad. Some larger fish such as menhaden, flying fish, or ladyfish may be considered bait fish in some circles, depending on the size of the gamefish being pursued. Freshwater bait fish include any fish of the minnow or carp family (Cyprinidae), sucker family (Catostomidae), top minnows or killifish family (Cyprinodontidae), shad family (Clupeidae), sculpin of the order Osteichthyes or sunfish family (Centrarchidae), excluding black basses and crappie.
Bait fish can be contrasted with forage fish. Bait fish is a term used particularly by recreational fishermen, although commercial fisherman also catch fish to bait longlines and traps. Forage fish is a fisheries term, and is used in the context of fisheries. Forage fish are the small fish that are preyed on in the wild by larger predators for food. The predators can be other larger fish, seabirds and marine mammals. Bait fish, by contrast, are fish that are caught by humans to use as bait for other fish. The terms also overlap in the sense that most bait fish are also forage fish, and most forage fish can also be used as bait fish.
Baitfish can be attracted either via scent, or by using light which actually works by attracting zooplankton, a primary food source for many baitfish, which are then drawn to the light.
Bait fish can also be contrasted with feeder fish. Feeder fish is a term used particularly in the context of fish aquariums. It refers essentially the same concept, small fish that are eaten by larger fish, but adapted for use in a different context.
Bait fish are consumed by larger, aquatic predators. Swimming in ocean water with bait fish can be dangerous, as these fish attract sharks. Bait fish will sometimes use whale sharks as a shield from their other predators such as tuna, as tuna are usually wary of approaching the shark. The shark cannot attack the bait fish easily, as they constantly swim above its back and are too fast for the shark to manoeuvre its mouth into position. However, the shark eventually dives deep, where the bait fish cannot follow, and as the other predators finally dare attack the stranded bait fish, the shark comes back to eat numerous bait fish who are already preoccupied with the attacking tuna.
There is a bait fish industry in North America, supplying mainly recreational fishermen, worth perhaps one billion dollars each year. Fly fisherman don't use real bait fish, but use artificial flies resembling different species of bait fish to catch other fish on a fly rod.
Management and conservation 
Bait fish are often short lived and proliferate spawners. This means their populations can fluctuate rapidly, and they can often recover quickly when depleted. Regulations may exist to prevent overexploitation, as in Arkansas and Massachusetts. Studies by fisheries and conservation agencies monitor the health of bait fish populations, allowing regional governments to set quotas.
See also 
- Litvaka MK and Mandrak NE (1993) "Ecology of Freshwater Baitfish Use in Canada and the United States" Fisheries, 18 (12): 6–13. doi:10.1577/1548-8446(1993)018
- Mahmoudi, B & McBride, R: FA review of Florida’s halfbeak bait fishery and halfbeak biology, and a preliminary stock assessment Florida Fish and Wildlife Conservation Commission: 2002