Definitely a VERY handsome VT boy you have there ;) For colors you can check out this thread
if you haven't already...though, judging by the pic on you avvy, I agree with BFC that he looks to be maybe a wild....not sure though.
I'm by now means a breeding expert, but I have a spawn of about 50-80(I'm horrible at counting....)VTs at 7 weeks, healthy and happy as can be, so I must be doing something right xD
But I spent quite a while doing as much research as possible...this is definitely something that shouldn't be taken lightly. A spawn can yield anything from a few to hundreds of babies and your going to have to separate all the males as soon as he start seeing aggression, that means a lot
of little containers around that you have to change daily if you end up with a big spawn. And then theres also the issue with finding homes, as you mentioned. If you if don't have a plan for homes or a place you can give/sell a lot of them too then you could be stuck with a LOT of bettas.
And thats just a few of many challenges that come with breeding...you also need live food for the fry that your going to have to culture/hatch yourself, need space for all the jars and containers for when you need to separate them, need to have time to do PWCs every day-sih.....I could go on and on....but I'm too lazy to do so, and I'm sure your sick of my rambling xD But, head to google, look up betta breeding, read every sight you can, and feel free to ask any questions ;)