I have had bamboo in my pond for about a year. So far it is holding up well, it's also holding the fish well. I used bamboo that I had cut so it was not easy to work with, like barbed wire, deadly on fishing rigs. However, it does provide dense cover. I am assuming that you will be using bamboo that has already been trimmed, which should reduce the tackle loss. I also tried live bamboo and until the water level exceeded 3 feet is was fine.

1/4 & 3/4 acre ponds. A thousand miles from no where and there is no place I want to be...
Dwight Yoakam