Breeding bettas has been a hobby of mine since last year, and i have been fairly successful! I started with the Thai way and have added a few variations along the way. Instead of buckets i use a green colored bin. I use a 1-4 gallon tank, with some string algae, a few live plants, and some saran wrap. I like the solid bin's to keep the bettas focused, i use the wrap for a bubble nest aid, and i keep water from 80-85 (F). The female betta is a crown tail, a whitish bluish mix, and the male is a solid red color.
I like to condition the bettas for 12 hours, and put the male betta in the breeding tank for 30 min before the female, who is in a breeding "trap".
As of now 5/23/13 at 9:50 pm (Az) the female betta is showing vertical breeding stripes and the male is working on the bubble nest. As both fish are virgins, i am not expecting alot of fry. Hoping for maybe 50-100. I hope to get them together by saturday morning, where i can make sure nothing is going terribly wrong ;)