I have played Elder Scrolls Oblivion for almost three years now with different characters and styles. Of all attributes Luck is the least important to me, I barely care about it because I feel is has 0 effect on the game. I have read in UESP and lots of game guides and walkthroughs about this particular attribute and how it affects "every action" in the game. But I don't think so, or at least I am not aware of its influence.
I know from wikis and guides that the higher your Luck: repair hammers break less times, you are most likely to success in stealing or picking locks, the loot on dungeons gets better. Cool stuff, but I can get as many repair hammers as I want (is easy to earn money in this game, c'mon), once I reach level 10 I always get Nocturnal's key (lockpicks ajaja, what are those?) and so.
I recently finished Fallout 1 and 2 and boy, now that is a game where you need Luck as an attribute! I had Luck 9 which meant more chances of performing crittical damage, less random encounters with enemies and more random encounters with merchants or loot, also mixed with Gambling I got lots of money in casinos.See my point? In those games Luck had a real influence in the gameplay.
So, could anyone explain me what's the point of leveling Luck in Oblivion? Thanks in advance.