I don't understand. If this character has this cheat skill that lets him learn magic right away, how could he possibly be a loser in the original story? Even if he's incredibly lazy, he'd be motivated enough to get strong after his first beating, it's not like it's hard for him.
Maybe it's because it's been years since I read it, but it's weird how I don't remember anyone recognizing Kiibo as the finalist of a historic tournament that was televised worldwide in the sequel.
It always irked me how the previous group would invariably word things slightly different than the previous chapter's end in the first page recap. Glad to see it was just a translator choice.