You probably shouldn't pull 100% of your funds. If you're really just trying to make a go of it on short bankroll, make an agreement to stake each other for say 25% (but by all means less than 50%). Try not to sit at the same table.
Write down the agreement. You don't necessarily need to hire a lawyer to write a contract if you trust your friend, but you don't want faulty memory or miscommunication to get in the way and wreck a relationship.
If $1000 really is your bankroll, i.e. if you're not willing to replenish from your non-poker income, then you'll face a substantial "risk of ruin" even with staking (just guessing, 20-30% maybe?) even in juicy NLHE games. You can bring that down by buying in for the minimum, but you'll need to adjust by playing a very tight, boring game. So long, calling raises with 33 to set mine. Hello, waiting on TT+, AQs+, AK unless you're very sure it's a limped pot.
Likely, you'll hate the shortstack game and find it not worth your time. This is particularly true if you could get a second job, freelance, etc. Then you'll decide rather than shortstacking to just risk blowing through your "bankroll." As long as you're gainfully employed you can probably take some time off, improve your game, cut your living expenses, replenish with another $1000 in say three months, and start over.
Quote:
Originally Posted by venice10
It is almost certain that one of you will be better than the other. The better player is going to eventually resent that he is funding the worse play of the other player. Just go together and keep a separate bankroll. Don't loan each other money.
Yeah, if you cross-stake, commit to revisiting the % after a month. You don't have to say you think you're better than the friend at poker. Just say that you are feeling less risk averse so you want to drop the 25% to 15%.