I think you'd have to either use a grinder or a really aggressive file to take off enough material for a bevel - I'm not sure, never done it before. As for advantages, well, if you get a pass through there's no advantage at all, but maybe if the arrow was still inside the animal the extra cutting edges would come in handy. I think my dad and uncles used to sharpen the back of two-blade heads, but they've since switched to 3-blades and don't bother.
I'd be careful though - if you take off too much metal it could affect the integrity of the broadhead.