You'll waste a little every orbit, sure. Then you'll waste a lot when your hand hits and it's still beaten.

For example, let's say you have and complete the blinds.
Flop comes up . Sweet, you've hit your 2 pair, time to print some money!
Turn comes up :Qh:, river
You're now beaten by anyone holding a Q, 7, or any pocket pair except 3's and 4's. Joy.