This question pops up ALOT on this site, so I figured this should be my first "how to” article.
If you are a more experience wrench you can skip the first two paragraphs, but if you are a newbie to working on your own bike read on to learn what jetting is. When someone says jets they are referring to brass screws located in your carburetor that are used to regulate fuel flow. Most bikes have two jets, a pilot jet, the smaller jet that affects your bike at idol, and a main jet, the larger jet that is located in the center of your carb, and controls fuel delivery from 3/4 to WOT (wide open throttle).
The reason most people change out their jets is because they have added modifications to their bike, like exhaust pipes and air filters. Mods like these allow the bike to flow more air, and the motor will need more fuel to go with the air to run properly. If larger jets are not added, the motor may bog under load, sputter when you rev your motor out, or backfire when you let off of the gas. Some bikes are also affected by weather so much that it is beneficial to change jets according to temperature, humidity, and elevation. Some people also like to jet differntly according to riding conditions, if it is a mud fest, you might want to jet your bike a little richer than usual. This helps the engine run a little cooler when your raditator is clogged or your cooling fins are caked and you revving the heck out of your bike to get through a swamp.
Okay so the first you need to do to change out your jets is remove your carburetor. You will usually need to take off your plastics and gas tank to get to it . After you have your carb off of your bike, remove the screws holding on the float bowl. (The float bowl is on the bottom of the carburetor and usually held on by four screws.) After you take the bowl off you can remove the main and pilot jets to figure out what sizes you have. (The main jet is in the center and the pilot is off to the side.)
Once you get your jet sizes you can either go to your local motor cycle shop and buy the jets individually, or you can order a "jet kit" online which will come with a variety of sizes that will fit you application. If you decide to get it from you dealer, you should probably buy the next five sizes bigger in main jets, and one size bigger pilot. (I personally prefer to buy the individually because it is usually cheaper.)
To decide which jets you bike needs its best to use a trial and error method. Start with the next largest main from stock, and continue to bump the sizes until you feel some power loss at WOT, then go back down on size. Most bikes don’t need a larger pilot unless you live in California, somewhere with a very cold climate, a low elevation, or you have extensive Mods on you bike. Even then you usually dot need to go much bigger than one size larger than stock.
Diagnosing jetting is a little tricky; most people use the spark plug test. To do the spark plug test you need to have a fresh spark plug in you bike right after you change jetting and run the same plug for at least 5 hours, this will give you the best reading. Most people will tell you that your jetting is perfect if your plug is a light tan color. If you plug is wet or has soot then you are running too rich. (Too big of a main jet). If your plug is white or light gray you are too lean. (Too small of a main jet.) Of course if you want to get your jetting spot on you can get an air/fuel ratio meter to check the ratio of gas to air coming out of your exhaust. The ideal ratio is 13:1.
This is a very long post so I will make another one to continue the discussion on carb settings with air screws and needle later.