To be honest, I ran a 4 page website a while ago using html pages. And had much better results in getting clicks, even though my forum has many more pages to get clicks from.
I really do think if a person is setting up vBulletin purely to try and make money from adsense, you making a fatal mistake and should instead go the multiple website option instead. I personally don't think vBulletin is good were adsense is concerned.
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