Green’s Dictionary of Slang

cub n.1

[cub meaning a child, a young person, a novice or a beginner was briefly sl. in early 17C but soon SE]

(UK Und.) a novice gambler, one who is likely to be cheated of his cash.

[UK]Dekker Wonderfull Yeare 25: There the rich Cubs lurke, When in great houses ruffians are at worke.
[UK]Dekker Lanthorne and Candle-Light Ch. 3: The yong Cub suffers himselfe to be drawne to the stake.
[UK]B.E. Dict. Canting Crew n.p.: Cub, or young cub c. a new Gamester drawn in to be rookt.
[UK]New Canting Dict. [as cit. c.1698].
[UK]Bailey Universal Etym. Eng. Dict. [as cit. c.1698].
[UK]Grose Classical Dict. of the Vulgar Tongue.
[UK]Lex. Balatronicum.
[UK]Egan Grose’s Classical Dict. of the Vulgar Tongue.