An earth-boring bit has bit legs having hardfacing covering the majority of the outer surface. The hardfacing may have gaps at an area surrounding the ball plug and an area around a fixture dimple. The hardfacing may be multi-layer, with the layers differing in composition. Recesses may be located at the leading and trailing edges of the supporting metal so as to provide a thicker area of hardfacing at these corners. The supporting metal of the outer surface of the bit leg may also have an upper cylindrical section and a lower tapered section. The hardfacing has a constant outer diameter but will taper in thickness in the lower tapered section. The thickness of the hardfacing may also vary in a circumferential direction with a greater thickness over at least one of the corners.

An earth-boring bit has a bit body that includes head sections, each having depending bit legs with a circumferentially extending outer surface, a leading side, and a trailing side. A bearing shaft depends inwardly from each of the bit legs for mounting a cutter. The bit includes a beveled surface formed at a junction of the leading side and the outer surface of each bit leg. The beveled surface is angled relative to a radial plane emenating from the axis of the bit. The angle of the beveled surface is at least 20 degrees, and extends to an inner surface of the bit leg. The bit can also have a layer of hardfacing on the leading, trailing and shirttail surfaces of the bit leg. A diversion finger of hardfacing extends circumferentially to direct cuttings.