Can I use low cost adwords(online games adwords) to direct the visitors to my blog(which has high paying finance/insurance-related adsense ads)?? That way I can pay LESS money and earn MORE money?? Am I violating google policy? I mean the adword I am using is NOT related to my adsense ads....
The next step you would be doing is searching for other paying ad networks after you use this trick and get banned by Google I also think that your site may get blacklisted, that is, sandboxed. Even though most of use hate that term, it does happen. So, avoid taking such a risk and start working on article creation.
No you can't do that, some adsense publishers and adwords users have been banned. A few years ago arbitrage was allowed and good money was being made, but adsense put a term on those practises in order to clean the adwords a bit.
Nope. This has been tried my millions of advertisers. I request you read this. http://forums.digitalpoint.com/showthread.php?t=179085
google doesn't have to give any explanation when banning, an adsense account is not a legal right in any way.