The best way to bake a potato includes several easy steps. First, preheat the oven to 375 degrees. Then scrub the potato thoroughly as you will be cooking and serving the potato dressed in its own skin. After cleaning, wrap the potato tightly in a piece of aluminum foil. Then poke a hole into the potato through the foil on top to allow aeration and avoid a potato explosion in your oven. Bake for 45 minutes to an hour, or until the potato is tender in the center when poked with a fork.