This comes down to the difference between the dimension of a vector space and the number of elements of a vector space (here, the vector space is a Hilbert space, but that doesn't really matter).
For example, given just two orthonormal basis vectors $|0\rangle=\begin{pmatrix}1\\0\end{pmatrix}$ and $|1\rangle=\begin{pmatrix}0\\1\end{pmatrix}$, we can conceive of infinitely many states of the form
$$|\psi\rangle=\cos\frac{\theta}{2}|0\rangle+\mathrm{e}^{\mathrm{i}\phi}\sin\frac{\theta}{2}|1\rangle=\begin{pmatrix}\cos\frac{\theta}{2}\\\mathrm{e}^{\mathrm{i}\phi}\sin\frac{\theta}{2}\end{pmatrix}$$ because the parameters $\theta\in[0,\pi]$ and $\phi\in[0,2\pi)$ are continuous. Then, we can always consider measurements to be of the form "is the state equal to $|\psi\rangle$ or equal to some other state $|\psi_\perp\rangle$ that is orthogonal to $|\psi\rangle$ (i.e., $\langle \psi_\perp |\psi\rangle=0$)?" Without loss of generality, we can consider
$$|\psi_\perp\rangle=\sin\frac{\theta}{2}|0\rangle-\mathrm{e}^{\mathrm{i}\phi}\cos\frac{\theta}{2}|1\rangle=\begin{pmatrix}\sin\frac{\theta}{2}\\-\mathrm{e}^{\mathrm{i}\phi}\cos\frac{\theta}{2}\end{pmatrix}.$$ Each possible measurement in this space boils down to probing which of some pair $|\psi\rangle$ and $|\psi_\perp\rangle$ the system is in, for a specific value of $\theta$ and $\phi$. This means we have an infinite number of measurements ($\theta$ and $\phi$ are continuous) but only two possible outcomes (the state is $|\psi\rangle$ or the state is $|\psi_\perp\rangle$).
An analogy: If you stand in one spot, there are an infinite number of directions in which you can walk. However, your ultimate final point can always be reached by walking a certain distance along the left/right axis and a certain distance along the forward/backward axis. This is because the finite number of independent directions (two) can be combined in an infinite number of ways to let you walk in an infinite number of directions.
In words: The number of possible measurement outcomes is the number of completely unique possibilities. The number of possible measurement bases is much higher because there are many ways of combining the unique possibilities.