Males are a little different. The benefits of neutering a male are:
- eliminates the risk of testicular cancer
- decreased risk of prostate disorders (up to 80% of unneutered males develop some sort of prostatic disease or cancer although it is usually not malignant)
- decreased risk of perianal fistulas (lesions and abscesses that occur around the anus which tend to recur and become chronic, if surgery is necessary there is a risk of fecal incontinence)
- decreased risk of hernias
- fewer behavioral problems (decreased aggression, roaming, and shorter attention span)
- anesthesia (very low risk for healthy dogs, even lower with proper pre-surgical bloodwork)
- early neutering MAY increase the risk of osteosarcoma (malignant bone cancer) in giant breed dogs
- increased risk of hemangiosarcoma (cancer of the blood vessels, that's an increase of 3% chance to 4.5% chance AT MOST)
- increased risk of osteosarcoma (the earlier the castration the higher the risk; the average lifetime risk of Great Danes is 4%)
PS:
I know seeing cancers in the "risks" column is quite scary, but keep in mind that these are small increases of already small risks. And keep in mind that people tend to write to catch your attention online. A headline of "Neutering doubles the risk of cancer" would strike fear in the heart of any pet owner, but can be quite misleading if the risk goes from 0.01% to 0.02%. Sure, the risk doubled, but it's still incredibly low.