How to get a Daedric bow with little risk, starting with a level 1 character.

Follow road out of Seyda Neen to book laying on ground. When Tarheil falls from the sky loot his body, take all. Go back to Seyda Neen, travel on silt strider to Balmora.

Report to Caius Cosades, ask about orders and get gold. Join fighters guild, then mages guild. Teleport to Ald-Ruhn. Buy scroll of Mark and rising force potion.

Teleport to Caldore, cast Mark. Go to the trader store, sell Tarheil's scrolls and clothing. Buy amulet of Recall. Back to mages guild, teleport back to Ald-Ruhn.

Exit mages guild, go into fighters guild and grab potions and arrows from equipment chest. Exit fighters guild, go to silt strider, travel to Maar Gan.

Walk out gate heading west, bear to the right so you're going up the ridge. At Rothan Ancestral Tomb bear right again heading northwest up into mountains. You'll see the top of a daedric ruin over the last ridge, enter the Forgotten Galleries.

Drink rising force potion, fly up and across to highest gallery. Along with a skeleton is a Daedric bow, some arrows and potions, and a propylon index.

At this point you can equip with the bow and the iron arrows from the fighters guild chest, try using levitation and shooting the bad guys from high places, get more loot. Or use the amulet of recall, come back another day when you're stronger. For now you have a very good bow for your low level character.

I guess it works. Though i would never sell Tarheil's scrolls, those things are valuable as hell, something even money can't buy.

Another good one that i used to do (dont do it anymore, but did when i was younger).

Go to Balmora's mages guild and buy a potion of invisibility. Then go to the eastern guard tower in balmora and walk to the top floor. There should be a guard up there and a giant wardrobe thing. Go up to the guard and get him to notice you where he looks at you, and make sure that he is looking away from the wardrobe.

Then go behind him, go into sneak mode, use the potion of invisibility and wait til the little hidden sign shows up at the bottom of the screen. Look up at the wardrobe, you should just be able to see the tip of a sword sticking out over the top. Grab it and you should be able to get away with no problem stealing the sword (if you mess up you will get caught, so make sure to save). Congratulations, you now have a Sword of White woe, an enchanted Ebony sword that's worth 17k if i remember correctly (been a long time since i grabbed it).

Or here's another one:

When you first create a character and you get to the point where you have to grab the ring of healing from the barrel, instead of going into the next door, go up to where the wall meets the side of the building, just to the left of the barrel. Now jump into the wall, after 1 or 2 jumps you should go through the wall and you will end up outside in the main part of seyda neen. Now keep in mind you cant save yet cus you havent finished the tutorial. BUT, you can steal things and commit crimes and get away with them scott free, as long as you make sure your bounty doesnt go over about 7k (im not sure the exact number).

So now you have free reign of the world. A good starter place is to take the silt strider to Suran, go to the trader's store and steal his ebony darts, his dreugh cuirass and everything else of value (kill him if you want). Just make sure to drop your stuff you stole and go out and talk to the guards periodically to clear your bounty without getting it too high (because once it's too high, they will not let you off scott free and will try to kill you).

Once you're done stealing anything you want from Vvardenfell, go back to Seyda neen and enter the census office and talk to the imperial dude to finish the tutorial, allowing you to save the game and start off extremely OP'd.

Of course, i dont do this one any more either, but it's there for someone who wants to exploit the crap outta their game.

And here's a super cheap exploit:

Go to fort moonmoth in the basemant there should be a chick that sells spells. Buy the spell that drains skills (forget what it's called, but it's there). Now go to the mages guild and create a custom spell using that effect. Now make it on self use for 2 seconds and drain whatever skill you want to get trained by 100 points for those 2 seconds (anyone should be able to cast this spell). Now go to a trainer and cast the spell right before talking to them. With this exploit, your skill will technically be 0, which will cost you 1 gold coin to train. Now you can train a skill to 100 with less than 100 gold.

Again, super cheap and will probably take the fun out of the game unless you want some badass god character.

And now the end of all exploits with the ultimate cheap exploit of god creating (who needs kagrenac's tools and lorkhan's heart to ascend to godhood?):

Make any spell that ups your character that you can cast. So say, fortify Speed for 20 points on self for 1 second. In the spell creation, make the second effect Soul trap on target for 2 seconds. If you have that soul trap effect as the second effect in any spell, it turns that spell permanent. So if you keep casting that spell over and over again, you get a permanent 20 boost to your speed. * For this to work though, you must cast directly at the ground or directly at a wall that you're up against. Easiest is to just look straight down and cast the spell.

With this you can make your guy so fast that you run through walls, and fly by just walking in a straight line. You can make yourself so strong that you can kill vivec in 1 hit with an iron sword and completely destroy the sword in the process.

Beware with this exploit, you can make the game unplayable by being too fast or whatever. But you can reverse it by doing the same glitch but with damage skill and attribute spells.

There are cheaper ways, so you wouldn't need to sell scrolls - you have $287 to start, just buy one rising force potion and forget the mark and recall for now, use one of the free divine or almsivi intervention scrolls instead. Main thing that triggered this was a discussion of the "leveled loot" and "leveled monsters" in Oblivion, which really svcks in my opinion. Arena, Daggerfall, and Morrowind required either staying out of dangerous places until you leveled your character high enough, or since the more dangerous enemies the better the loot, the alternative was strategic or tactical thinking to get in and out of the dangerous places alive with the good stuff. For a low level character in Oblivion there are no dangerous places until you level up, therefore no good loot until you level up.

Yes, that bow is well known.... Well, with the game being this old everything is well known by now

Although I don't see why this is a "cheat." You can't cheat in a single-player game.
You can just make the decision of of you want to play and make progress.

Or buy an expensive ring (or amulet), then go to mage guild, buy a bound long bow spell and filled soul gem and pay an enchanter (or if skilled enough) to enchant the item with boulnd long bow.

Stuff I did not know about here...

-edit-

If you have enough enchant points on a piece of jewelry you can enchant a ring with summon dremora or golden saint.

The http://www.uesp.net/wiki/Oblivion:Best_Non-leveled_Items wiki disagrees.

IIRC, there's only one NPC who sells the summon golden saint spell. I'm not sure who sells the scrolls although ISTR mention that there is someone who sells those scrolls. If you're looking for a consistent source of souls to power a Constant Effect, dremora does not cut it. It's got to be a golden saint, ascended sleeper (beats me why that type of creature) and ISTR three other named creatures/NPCs plus Vivec and Almalexia. IIRC, TR adds a monster or two whose soul can power a C.E.

Don't ignore using clothing, armor or weapons to place C.E. spells on.

I meant constant effect..

Dremora or Golden Saint follower.

Can't do that in the other games.

I don't think you can have a CE Summon Golden Saint on a vanilla item, the charge requirement is too high. OTOH it is possible to have a CE Summon Greater Bonewalker item. I haven't tried with higher creatures.

On a related note, it is also very easy to make a single CE enchanted ring with all Summon Bound daedric armor pieces.

No not vanilla, Star Boi's items have enough enchant points..

It was cool though.. To have dremora follower..

Lower level Daedra can I think..-edit- with vanilla.

-edit-

Like scamp or clanfear.