Anchoring An Above Ground Pool Cover

[steppinthrax]

I have a 24' round pool with aluminum deck all the way around. The previous owner used bungee cords (you know the ones with two hooks) and ropes to anchor the pool cover to the pool. Unfortunately the cover deteriorated and we are opening the pool for the first time this year? I notice the aluminum deck overhangs the pool by a few inches. I see most of the covers they sell slip over the pool like a sock. But in this case there is no "lip" to slip the pool covers over. My question is what is the method to anchor the pool cover in this case (Proper way). Could I simply drill small holes and place steel eyelets around the aluminum deck post and use some sort of tensioning system to tension the cover in place?