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I have now implemented this and do not have a click to reveal but list 'offers' in plain view.
As broadmatch goes 'I bet almost (and I say not all) voucher site you see using PPC are blaming broadmatch for their ads appearing for (merchant + voucher code phrases) and its something merchant and network can never find out for sure - unless of course the voucher site tries to be clever (or is a numb nuts) and redirects it to the merchants final destination page on their site (like one ad is currently doing for next) or uses the keyword insertion tool so the merchants name appears in the ads.
The most interesting thing I find is that the person who is obviously bidding on 'next voucher code' (because it redirect to an internal page advertising next) is way down the list of supposedly 'broad matching site'
Anyway blaming broadmatch is easy for affiliates to do and the ppc market is rife with it.
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