How to tie the Palomar Knot. The single best fishing knot? Many fishermen believe that the Palomar Knot holds that title. Palomar Knot comes close to being a 100% knot when tied properly. Be sure that when the hook or lure is passed through the loop that all parts of the knot cinch up together. Many depictions of this knot elsewhere make it look like the loop part of the knot goes up against the bottom of the eye of the hook or lure. The knot can fail if tied in that manner. This is also the best knot to use with braided fishing line.Due to the durability of the bait you might not think to retie your knot as often and the Palomar will probably hold up to more fish catching abuse than other knots.