Quotient group $SL(2,\mathbb{R})/SO(2,\mathbb{R})$ I am confused by expressions like $\mathbb{R}/\mathbb{Z}$, especially if I see something of the sort $SL(2,\mathbb{R})/SO(2,\mathbb{R})$. I don't know what to make of it. I understand what a quotient of a group for an equivalence looks like, but I can't get my head around expressions like above. 

Is a quotient like this always a group and what do elements in the set $SL(2,\mathbb{R})/SO(2,\mathbb{R})$ look like?
They are a lot of questions in one post. I will do my best to answer them.
First, let me recall the notion of group action:

Definition $1$. Let $X$ be a set and let $G$ be a group, a left action of $G$ on $X$ is a map $\cdot\colon G\times X\rightarrow X$ which satisfies the two following axioms:

$\forall x\in X,e\cdot x=x.$

$\forall(g,g')\in G\times G,\forall x\in X,g\cdot(g'\cdot x)=gg'\cdot x.$



This definition is equivalent to the following:

Definition $2$. Let $X$ be a set and let $G$ be a group, a left action is group morphism from $G$ to $\mathfrak{S}(X)$.

If $\cdot\colon G\times X\rightarrow X$ is a group action in the sense of definition $1$, then $g\mapsto \{x\mapsto g\cdot x\}$ is a group action in the sense of definition $2$. Conversely, if $\varphi\colon G\rightarrow\mathfrak{S}(X)$ is a group homorphism, then $g\cdot x=\varphi(g)(x)$ is a group action in the sense of definition $1$.
Example 1. If $H$ is a subgroup of $G$, then $H$ acts on $G$ by left translation i.e. $(h,g)\mapsto hg$ is a group action.
Now, let us define the notion of quotient set in this general setup:

Definition $3$. Let $G$ be a group acting on a set $X$, then $G/X$ is the set of all orbits, namely:
$$G/X:=\{G\cdot x;x\in X\}$$
where $G\cdot x:=\{g\cdot x;g\in G\}$ is the orbit of $x$.

The set $G/X$ is a collection of subsets of $X$. In all generality, this is not a group, for example, $X$ may not be a group itself.
Example $2$. If $H$ is a subgroup of $G$, then $G/H:=\{gH;g\in G\}$.
Let us investigate the structure of $G/H$ when $G$ is a group and $H$ is a subgroup acting by left translation.

Proposition $1$. Assume that $H$ is normal in $G$ i.e. for all $g\in G$, $gHg^{-1}=H$, then $G/H$ is endowed with a unique group structure such that the canonical projection $\pi\colon G\twoheadrightarrow G/H$ is a group morphism.

Proof. Let define the operation on $G/H$ to be $gH\cdot g'H=gg'H$ or equivalently : $\pi(g)\pi(g')=\pi(gg')$. The key point is that this definition does not depend on the choice of $g$ and $g'$, namely:
$$gH=xH,g'H=x'H\Rightarrow gg'H=xx'H.$$
Indeed, there exists $h,h'\in H$ such that $x=gh$ and $x'=g'h'$, therefore, one has:
$$xx'H=ghg'\underbrace{h'}_{\in H}H=ghg'H=gg'\underbrace{g'^{-1}hg'}_{\in H}H=gg'H.$$
Now that the operation on $G/H$ is well-defined, I let you check the remaining properties (associativity, existence of identity element, existence of inverse). Whence the result. $\Box$
Conversely, if $G/H$ is a group such that $\pi$ is a group morphism, then $H$ is normal as the kernel of $\pi$.

What I like to emphasize is that when working when quotient sets it is crucial to specify the group action!

Maybe I'll close this answer mentioning a useful result:

Theorem. Let $G$ be a group acting on $X$, then for all $x\in X$, there is a bijective correspondence:
$$G/G_x\cong G\cdot x$$
where $G_x:=\{g\in G\textrm{ s.t. }g\cdot x=x\}$.

Proof. Consider $gG_x\mapsto g\cdot x$, in particular, check the well-definedness of this map. $\Box$
Remark 1. The set $G_x$ is a subgroup of $G$, but it may not be normal.
Example 3. $\mathbb{S}^n\cong SO(n+1)/SO(n)$ as sets, but even as smooth manifolds with a much-refined theorem.
Here, the action of $SO(n+1)$ on $\mathbb{S}^n$ is given by $(M,x)\mapsto Mx$ which is transitive, which means that each orbit under $SO(n+1)$ is the whole $\mathbb{S}^n$. If $x=(1,0,\ldots,0)$, then the stabilizer is given by:
$$SO(n+1)_x=\left\{\begin{pmatrix}1 &amp; 0\\0&amp; A\end{pmatrix};A\in SO(n)\right\}\underset{\textrm{abusive}}{=}SO(n).$$
Indeed, the first column must be $x$ and by orthogonality the first entry of each other column must be $0$. Whence the result by the theorem.

Coming back to your main question (and guessing what the action you are working with is):
Let $\mathbb{H}$ be the upper-half plane of $\mathbb{C}$, namely the set of points in $\mathbb{C}$ having a strictly positive imaginary part. Let $SL(2,\mathbb{R})$ acts on $\mathbb{H}$ by homography:
$$\begin{pmatrix}a&amp;b\\c&amp;d\end{pmatrix}\cdot z=\frac{az+b}{cz+d}.$$
Then this action is transitive and the stabilizer of $i$ is given by:
$$SL(2,\mathbb{R})_i=\left\{\begin{pmatrix}a &amp; b\\-b&amp;a\end{pmatrix};a,b\in\mathbb{R}\right\}=SO(2).$$
Whence using the theorem, $SL(2,\mathbb{R})/SO(2)\cong\mathbb{H}$ as sets and again even as smooth manifolds.
This quotient group consists of $2\times 2$ matrices with determinant 1 (because both $SL_2(\mathbb{R})$ and $SO_2(\mathbb{R})$ consist of matrices with determinant 1).

The quotient group is partitioned into equivalence classes of matrices that are not orthogonal, where elements of $SO_2(\mathbb{R})$ are treated as 0, and other elements are conceived of as their remainders mod an element of $SO_2(\mathbb{R})$.

A quotient of two groups $G/H$ is always a group as long as $H$ is a normal subgroup of $G$.