A reservoir apparatus for a bicycle brake lever device comprises a master cylinder and a fluid reservoir including first and second reservoirs. The master cylinder has a master cylinder chamber dimensioned for receiving a master cylinder piston therein. The first reservoir has a first reservoir chamber in fluid communication with the master cylinder chamber for supplying a hydraulic fluid to the master cylinder chamber. At least a portion of the first reservoir chamber is disposed below a portion of the master cylinder chamber. The second reservoir has a second reservoir chamber in fluid communication with the first reservoir chamber, wherein the second reservoir chamber includes an air entrainment surface. The air entrainment surface is positioned higher than an upper surface of the first reservoir chamber.