Has been a common strategy for many 'rebuy' players for a long time. These 'reentries' have morphed into these type of rebuy games you used to find on PS. Good players who know how to change gears have been successful making money. The problem is, it takes a lot of Capital (money) to make this strategy work, and if you do not finish in the Top 3 or even win these these things on regular occasion, you will be broke pretty fast. But the right kind of player can make this work.

In the end, get a top player a stack of chips, and he can do damage more times than not.