I've been bowhunting for the 25 years and look forward to it every season. Moleman is right on with his suggestions. You can find a lot of good used entry bows around for say $200-300 setup (on the high side). Then if you decide you like it you can always upgrade. Many of the new ones have a let off up to 85%. Also many of the new ones are the bare bow only, no sight, rest and so on.
When buying used, it's nice if the setup includes the rest, sight and peep. A new sight can run from $50 to $100 easily. I like a sight with multiple pins, 4 minimum (20, 30, 40 and 50 yds). I also like to shoot with with release. After knowing your draw length and bow poundage you can determine the best arrow for your setup, arrows have different spine strength and weights. Carbons are nice.
If you have an archery pro shop in your area you should stop by there for a chat and see what they have to offer. A lot of them have leagues this time of year and guys that are really into it may want to get rid of last years bow for the latest on the market.
If I had to choose one thing that made a world of difference in my bowhunting it was a climbing tree stand. Bag targets are cost effective and last a long time (don't always shoot the same spot).
Beware, bowhunting can be addicting! Before you know it you could find yourself in the rockies chasing bugling bulls...
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