My equipment to steadily make cash as an archer (depending on my win-to-less ratio that day):
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Any low tier chest armor. Such as a tunic (I use yellow cuz well.. I'm in the Golden Kingdom so it makes sense.
Leather Gloves
No boots (Looks bad ass without them and they wont be saving your life)
For bow:
Rus bow
Arrows:
Tatar (2 slots)
Melee:
0 Slot hammer.
The armor is basically a 20 gold repair at most.
The arrows are like 200 less (100 less than my typical bodkins that break 4 times a round it seems)
The bow is, yes, pretty expensive for us archers, but if need comes to degrade, hop down to the strong bow (Don't bother changing ur melee for another to fill the 4 slots. The hammer is fine and does knockdown which, if you don't have PS, can give you a chance to run away.)
The hammer has a 0 repair as well I believe.
But like I said; sometimes you get on those several hour x5 streaks, make a crap load of cash, and then seem like you'll never get another multiplier again once you hit x1 for hours at a time.