Sure. It's called backorder/drop-catching and there are quite a few great backorder registrars out there. You pay them upfront and the if the domain gets dropped without the current owner renewing it, and the domain will be yours., IF none other than you is fighting for the same domain.
Some domain registrars do provide the facility to reserve the domain before it get expired. You can contact such domain registrars and can make some payment for reservation. Once you will reserve the domain and current owner will not renew it then it becomes yours. After expiration of domain, there is some time period provided for domain owner to renew it. Once the domain is free for registration then it becomes yours.
You can contact domain registrar, he can help you to reserve your domain before expired. For this, you just need to pay some money for reservation. If the present owner does not renew it, then he will give it to you.
it all depends on registrar ...if you want to book any domain which is about to expire you can always pay some amount to registrar or if they listed for bidding you can bid .....its gamble if owner of the domain renews the domain then your bad luck for sure
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