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The 2 by 2 rule still applies.
Most don't even start the game until after the sale ends.
umm, who is trolling your question? Looks like you got your answer.
For this scenario we are in the keep group.
Then over a few days you play some more......Enter Steam sale
At this point How many people who bought a game and kept it will be under two hours?
I guess the answer will be a small percent, making it an offer steam knows it wont have to follow through on
My issue is that steam say the refund policy includes X feature when it realy doesnt
The Refund policy is also to get money back on a game you ended up not liking, but you need to make that decision with in 2 hours.
https://store.steampowered.com/steam_refunds/
If you do refund because you want to rebuy, it's not counting towards what could look like abuse, that is what Valve promise you.
I bought a game right before it went on sale. Can I get a refund and repurchase it at the sale price?
Yes.
If you have not already requested a refund, make sure the purchase is eligible and submit a request here.
Please note that approved refunds may take up to 7 days to process.
https://support.steampowered.com/kb_article.php?ref=4873-QOSK-5126&l=english#sale