Let’s take a France vs Spain match as an example.

In the 10,000 token pool, imagine 10 people place bets.

3 people bet on France winning, total 30,000 tokens
5 people bet on a draw, total 50,000 tokens
2 people bet on Spain winning, total 20,000 tokens

Total betting volume: 100,000 tokens

Let’s say Spain wins. That means 2 winners and 8 losers.

From the 100,000 tokens, 5,000 tokens are burned.
The remaining 95,000 tokens are distributed between the 2 winners.