In this paper, we discuss the properties of the generating functions of spin Hurwitz numbers. In particular, for spin Hurwitz numbers with arbitrary ramification profiles, we construct the weighed sums which are given by Orlov's hypergeometric solutions of the 2component BKP hierarchy. We derive the closed algebraic formulas for the correlation functions associated with these tau-functions, and under reasonable analytical assumptions we prove the loop equations (the blobbed topological recursion). Finally, we prove a version of topological recursion for the spin Hurwitz numbers with the spin completed cycles (a generalized version of the Giacchetto-Kramer-Lewański conjecture).Contents n 4.4. Closed algebraic formula for W g,n 4.5. Special cases 5. Loop equations 5.1. Assumptions 5.2. Blobbed topological recursion 5.3. Proof of Theorem 5.1 6. Formulas for H g,n 7. Topological recursion for spin Hurwitz number with completed cycles 7.1. Topological recursion in the odd situation 7.2. Quasi-polynomiality 7.3. Giacchetto-Kramer-Lewański conjecture and its generalization