The Canadian guide, Mike Barter, put up the following video on bolt placement. This is a rather rudimentary look at bolting. He gives the basics so that you know how that bolt actually got there, but there is a great deal more to placing bolts.
The best way to learn how to place a bolt properly is to work with an experienced bolter on replacing old bolts. This process will allow you to see where others have made mistakes. Understanding the most basic bolting mistakes is a great way to avoid making such mistakes.
The unfortunate reality is that most bolts are placed improperly. The fortunate reality is that most of these bolts that were placed improperly only have minor mistakes in their placement that make them unlikely to pull out most of the time. It's incredibly lucky that more people aren't injured or killed every year from poorly placed bolts.
If you decide to start bolting, it's important to do it right. Don't go out there and "just-figure-it-out." Seek out advice and guidance first...
--Jason D. Martin