Google AdSense is the top PPC today. You can place Google AdSense on your blog easily through a JavaScript code or if you are using a blogger you can follow the steps I have provided on my first post HERE.
Google AdSense show context sensitive advertisements that are displayed on your blog. Google uses their search engine ranking technology to decide what ads to show on your site, and on specific pages on your site.
On a post about travel on your blog they might show ads for hotels. This type of targeting is very effective and results in good click-through rates in most circumstances. How much you can make with Google Adsense depends entirely upon the niche of your website. The more competitive is your niche, the higher the CPM.
Google AdSense have $100 payout policy, you will receive your payout after you exceed $100.
If you're looking for a reputable contextual ad network, I recommend you try Chitika.
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