It doesn't seem to be working so far!
I thought that it might be down to Google's editorial policy, but it appears that most sorts of smutty content are OK with them: "Sexual Content
(Adult): Advertising is not permitted for the promotion of child pornography or other non-consensual material."
If you do a Google seach for the word "sex", plenty od ads come up, so it's probably just a matter of time . . .
John
BTW You need to get out more!