Adsense

Can someone please just confirm (or flame!) my basic understanding of the package that Google offers.

Basically a site shows adsense ads, ads which google thinks are relevant, and if users click on those ads then google coughs up some money?

Is there a way not to get money out of this equation but instead turn that revenue straight into adwords, which I understand to be that process in reverse?

Ie site buys some adwords and sets a predefined budget, google will then show your ads on searches and sites running adsense?

So presumably the income is proportional to traffic and value of the adsense words google thinks are relevant; if I were to do that across a forum I run with c. 20k or so impressions/day, would it be unreasonable to hope for say a return of $1/day?

Thanks in advance

you have got that right.
now depending upon the content google will show some adds and expecting $15.00 per 1k impressions is very achivable.

Run adsense code on your site for a couple of days and things will be clear.

great, thanks. I'll give it a whirl and see what happens.

well this is dandy, I'm running these things across the forums and, well, more than covering the cost of the entire site. yay