I loathe any and all street performers who aren’t competent musicians playing someplace like a park. So, if I for some insane reason was watching him and couldn’t get away, I would absolutely spoil it.
I’d be miserable/embarassed/miffed but I’d play along and write up a boring pit thread afterwards to hear dull people offer dull commiseration about my dull predicament.
I’d probably go along with it mostly for the amusement of mein Herr and family. As said upthread, afterward I’d drop a word to him privately to let him know I knew the trick. And it would probably depend on how much of a smarmy type he was, also. If he set off my creep-o-meter, I’d be out of there.
I might play along, if I’m in the right mood, have plenty of time and energy, and the magician looks interesting. Usually, though, I am in some pain, I’m having difficulty moving, don’t have the energy, and most of these “performers” can’t really entertain, it’s all an ego thing to me.
I also don’t like tricks that make the participant look stupid. Not even a little stupid. If the magician can’t entertain his audience without making someone else look stupid, he doesn’t deserve an audience.
I am an amateur magician. I have been in more or less the situation as described in the OP. I played along with it and pretended to be fooled, even though I knew exactly what was coming.