I was on youtube and found this video for IDC Woodcraft. This guy has a channel about cnc and sells and resells cnc bits and accessories.
The video was about a 1/4" bit for drilling holes. He says that you can drill 1/4" holes to 0.9 inches without peck drilling. He also has a 1/8" bit for cribbage board makers.
I think the 1/4 was $48.00 and the 1/8 was $26.00. plus or minus.
For me I dont do enough drilling to buy these but those that are making cribbage boards you might want to look at them.