You can do that all day!
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how about your option to move your don't pass bet to the pass line if a point you like is then established?
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Wow, never seen that one done. I assume you would alert the dealer and have them do it, they probably don't like people moving bets around on the layout themselves.
BUT they should have no problem with it. The House Advantage is all in the come out roll on the Don't Pass. Once a point is established, the player then has an advantage. Likewise, the opposite is true of the Pass bet. The Player has the advantage on the come out, and the House has the advantage once the point is establihed.
So by moving your bet, you took the risk of the come out on the Don't Bet, now you have the advantage, and are moving your bet to a house advantage bet, having avoided having the advantage on it during the come out!
If you do this regularly, the house should have a special cocktail waitress to do nothing but make sure you have all the free drinks you need.
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