The police shouldn't make sure the house always wins

I fail to understand why it's cheating at gambling to place a bet knowing something the bookmaker doesn't.  If they don't like it that the punters might know more than them they shouldn't take bets on predictable events.  Here's an idea.  If bookmakers lost money because people were able to predict the election better than them, why don't they just suck it up?

The Gambling Commission can whinge all it likes that "snot fair" but the law says ...

(1)A person commits an offence if he—

(a)cheats at gambling, or

(b)does anything for the purpose of enabling or assisting another person to cheat at gambling.

But there's never been any fixed definition of what cheating is.  I don't see any reason why the punter should have to yield their foreknowledge to the Turf Accountant.  It is up to bookmakers to research the likelihood of an event they take a bet against.  If they can't do that they shouldn't take the bet, not blame everyone else for their incompetence.  But in the Topsy Turvey world we live in outwitting the bookmaker is wrong...

All this rubbish talked about insider knowledge.... This is not insider trading.  Insider trading damages businesses because their share prices are what they raise finance against and those finances are used to run productive businesses that create jobs.  Whereas if you outwit a bookie the only loser is the bookie.

From websites to TV shows to Fixed Odds Betting Terminals to employing PHD level mathematicians gambling companies use every trick in the book to try to separate the punters from their money.  Why when they lose should police time be wasted investigating their customers because the bookies lost their own bets?  Not a microsecond should be wasted on this.