Ironically, you've confused a conversation about odds with one about polls.

It's not about polls. We're talking about betting odds here. This is a gambling conversation. They said that Count Binface winning is paid 4:1, meaning an implied probability of 20%. I asked who is paying that, because it seems like that's far too low of a payout, giving Count Binface too high of an implied chance of winning.

If a candidate is being beat 4:1 in the polls, their betting odds would probably be 100:1 or higher.