"I and probably a lot of others will vote for the winner."

But everyone will vote for different candidates, and no single one will get a mandate to govern so to speak :-) Its kind of like getting a third party in the U.S. Everyone complains about the status quo but you can't get enough people to agree on an alternative to  make it viable.  

"Democracy is a pathetic belief in the collective wisdom of individual ignorance." - H. L. Mencken