I think a lot depends upon which bait we're talking about. I started by pouring soft stickbaits; I was going through several hundred dollars worth of Senkos and the like in a season (at $0.60 per bait), so the cost to get set up and to make my own paid for itself. I don't think it's cost effective to make your own tubes, for example, though if you want to make baits no one else has or like to experiment with colors, etc., it's great. It's also a bit addictive... I've got an entire backpack full of baits that I've made in the last year and haven't used. Tomorrow I have to sort them out and sell/give some away. No room!