Match balls are a lot more expensive, but are more durable and often include the "technology" which replicas lack, i.e. Adidas Jabulani panels, which are meant to improve aerodynamics, would be on a 2010 world cup match ball, but would not be included on the replica ball.
Replica balls are usually significantly cheaper, but do not include the innovative features and will often be made of less durable materials, so they won't last as long.
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A strike ball has less padding and is used for training and a match ball is used for games and has more padding and better flight in the air.