Drill bit shank shaft and shank, is usually of the same diameter. It is held usually in a three-jaw drill chuck. Bits of diameter too small to grip firmly can have straight shanks of larger diameter than the drill, which can be held firmly in a standard size collet or chuck. Large drill bits can have straight shanks narrower than the drill diameter so that they can be fitted in chucks not able to chuck the full diameter. Such a drill bit is called a reduced-shank or blacksmith's drill. For example, this allows a bit to be used in a pistol-grip drill's chuck.
Drill bit holes are drilled with standard high speed steel bits. The most common twist drill bit (sold in general hardware stores) has a point angle of 118 degrees, acceptable for use in wood, metal, plastic, and most other materials, although it does not perform as well as using the optimum angle for each material. In most materials it does not tend to wander or dig in. A more aggressive angle, such as 90 degrees, is suited for very soft plastics and other materials; it would wear rapidly in hard materials. Such a bit is generally self-starting and can cut very quickly.