A spade bit includes a shaft defining an axis about which the spade bit is configured to be rotated. The space bit also includes a blade attached to the shaft and having a first paddle portion and a second paddle portion. In addition, the spade bit includes a tip portion attached to the blade and aligned with the axis. The first paddle portion includes (i) a first leading end portion positioned on a first side of the axis and configured to define a first cutting edge portion, and (ii) a first lateral extension portion configured to define a first sloping surface. The first paddle portion defines a first relief space positioned adjacent to both the first sloping portion and the first leading end portion. The second paddle portion includes (i) a second leading end portion positioned on an opposite second side of the axis and configured to define a second cutting edge portion, and (ii) a second lateral extension portion configured to define a second sloping surface. The second paddle portion defines a second relief space positioned adjacent to both the second sloping portion and the second leading end portion.