How does luck affects fishing now?

since the luck rework i havent really saw anyone talk about how luck affects normal fishing does it reroll every fish for the rarest one or whats the logic behind it i am trying to get the master angler title and i am wondering if its worth using luck atm

It doesn’t affect fish chances, only item chances, and you get 3x the odds of catching an item with luck V

For clarification, it only affects sunken chances and even then, it doesn’t increase the chances directly since how it works is just you fishing three times in the system and only picking one out of three where you get a sunken.

Is that better or worse than the previous system? I assume worse considering the chances could be like 1/400 before

It is worse since it doesn’t directly affect the chance anymore and technically you’re still getting the same rates.

From what I understand, luck will reroll fish for the best outcome. Luck 5 is supposed to triple drop rates. So instead, it essentially lets you fish 3 times in one go, and deletes the 2 fish that are worse.

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Luck doesn’t affect fish period right now. It only affects the amount of items you catch when you roll an item, or how many times Sunken chance is rolled for every catch.