Sql-server – How to monitor deadlocks

deadlocksql server

When do you start troubleshooting a SQL Server 2005/2008 deadlocks and how? The alert is turned on SSMS via SQL Server performance condition alert, objects->SQLServer:Locks, Counter->Lock Waits/Sec, Instance:_Total, alert if counter: rises above value 3. Is this a proactive way of monitoring it? What is the acceptable value? I would highly apprecate your help. Thank you!!!