I'm assuming you mean a spade drill bit?
For best results, try clamping a block of hardwood to the back side of the stock before drilling. When the bit approaches the end of the cut, it will be far less likely to blow through with another piece of wood to drill. However, if the stock placed on the back side is softer than the workpiece, or if it is not securely clamped to the workpiece, tear out can still occur.
To use a spade drill bit, mark the center point of the hole to be drilled on the wood, and install the shank of the bit into the drill. Align the point of the pilot tip of the spade drill bit with the mark on the wood, and adjust the angle of the handheld drill so that the shank of the bit is square to the surface of the wood. (Of course, if you're using a drill press, the bit's angle should already be square to the surface of the wood, unless your drill table is not square to the motor).
Depress the trigger of your drill slightly to engage the motor and turn the bit slowly. Hold the drill as still as possible so that the pilot point stays aligned with the mark on the wood. Because pilot tips can often "walk" away from the intended center point of the hole, some woodworkers will pre-drill the pilot hole using a small-diameter twist drill bit that is less likely to walk, and then proceed with the spade drill bit's pilot tip into the pre-drilled pilot hole.
Once the pilot tip is in place and engaged with the wood, increase the speed and proceed to drill the large diameter hole with the spade drill bit. Continue drilling until you reach the opposite side of the wood and the bit pokes out through the completed hole. Slow the speed of the motor, and pull the drill bit out of the completed hole.
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