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When worn, the Amulet of Looting automatically sends any items that would be received from defeated monsters to the player's Bank. This makes looting during combat much more convenient. It has a 4.55% drop rate from 
Spider Chests in the 
Spider Forest.
You likely won't be able to grind the boss that drops it until the mid-game when you are fairly strong. Full Mithril Gear will do if you are in a hurry. Just make sure you have 
Auto Eat and lots of Food. However, Adamant or Rune Armor will make it much easier.
Stats
Amulet of Looting does not provide any stat bonuses in combat.
Item Sources
Loot
Uses
780
Spider Chest
Shop
Fire God Dungeon
Amulet of Looting
Combat:
