Does price of keyword have anything to do with how much you make when its clicked????

Hey guys, lets say i have a "golf website" for example.. say I’m using google adwords on my website to make money and the keywords are:
Golf (bid $.80 per click)
Playing Golf (bid $.40 per click)
Golf Ball (bid $.25 per click)
Now with that knowledge, say someone goes to my golf website and decides to click on my google adwords ad that generated because of the word "golf" which has a bid of $.80 .. I’d be making the most money on that one right and the least amount of money with "golf ball" right????
Do I have the right idea about this or am i just completely wrong? hah’..
Thanks,
Justin O’Neill
AIM: Jdude217

See original post by oneeezy