Again, Dapper is very greedy. He doesn’t just want luck with the occasional bet; he wants to quit his job and live entirely off his dishonest winnings. Subtle and Face clearly want Dapper to overhear them. The “Fairy Queen” is a reference to Edmund Spenser’s epic poem
The Faerie Queene (1590), in which Fairyland and the fairies are ruled by one powerful queen. Dapper is again very gullible and believes in the Fairy Queen and her approval.