There's a lack of clarity at the moment on this particular topic. It is often cited that because many schools do not provide the opportunity to do four A levels, then the university cannot "prefer" those taking four as it would put all students at all schools where four is not an option at a disadvantage.
To quote the from the admissions team at Peterhouse college (with emphasis added by me):
Note that Mathematics is
not listed as one of those courses for which, "Four A Levels
can be an helpful."
How many students typically do 4 A levels at your school? Is it the norm or the exception? The reason I ask will become clear if you look at
this video entitled "The Cambridge Mathematics Course and Admissions - Open Day 2020", presented by Dr Orsola Rath Spivack, Faculty Admissions Officer for Mathematics at Cambridge. I haven't watched the full video (so you should, or a more recent version thereof) but at about 48:30 she says, "If, in your school, practically everybody takes four A levels then we might wonder why you are not, because obviously that is a school that supports the students
(garbled) four A levels..."
That would imply that you might need to explain why you're doing three if "practically everybody" in your school takes four. You have a straightforward answer for that - you have a long commute to school, and need to work to finance your time at university.
Note, by the way, then when Peterhouse Admissions was made aware of the above video they responded thus:
They have not since posted an update on that thread (although may have done elsewhere). Hence why I say, "There's a lack of clarity at the moment on this particular topic." Sorry.