I use two rods. One goes in with live bait (leech, worm, minnow) on the bottom. I use the other to cast and retrieve various lures... Sometimes I switch the live bait to a bobber off the bottom, then continue using my other rod for lures and such... And, sometimes I just throw both in with live bait... sit back, read a book and hope I get lucky. ;D
I have caught four walleye at Chatfield: 1) with a chartreuse propeller jig (nothing else on the hook) off the handicap pier about 4:30 pm. That one was 'probably' legal, but I didn't have anything to measure it with); 2) with a worm on the bottom at Kingfisher Cover, late afternoon; 3) with a leech last Friday in the evening; and 4) with a chartreuse gig with curly tail in the middle of the lake from a boat. The rest were definetely too small.
So far, I've not caught anything on a minnow.
So, throw everything you have at them... If they're biting and in your area, hopefully they'll bite something...