EasyNetQ will create a unique queue on the RabbitMQ broker for each unique combination of message type and subscription ID. Each call to Subscribe creates a new queue consumer. If you call the Subscribe method two times with the same message type and subscription ID, you will create two consumers consuming from the same queue. RabbitMQ will then round-robin successive messages to each consumer in turn. This is great for scaling and work-sharing. Say you've created a service that processes a particular message, but it's getting overloaded with work. Simply start a new instance of that service (on the same machine, or a different one) and without having to configure anything, you get automatic scaling.
If you call the Subscribe method two times with different subscription IDs but the same message type, you will create two queues, each with its own consumer. A copy of each message of the given type will be routed to each queue, so each consumer will get all the messages (of that type). This is great if you've got several different services that all care about the same message type.