My undergraduate number theory class decided to dip into a bit of algebraic geometry to finish up the semester. I'm having trouble understanding this bit of information that the instructor presented in his notes. 

Here it is in paraphrase (assume we are over an abstract field k)

We take a polynomial in k, $f  =Y^2 - X^3 -aX -b$ and homogenize the polynomial to $F = Y^2Z - X^3 -aXZ^2 - bZ^3$. Note that the points at infinity of V(F) consist of triples $[\alpha : \beta : 0]$ s.t $ -\alpha^3 = 0$, hence the only point at infinity is $[0 : 1 :0]$

The part I'm confused about is in italics. He introduces the terms "points at infinity" without defining it. After some google time, I understand what a point at infinity means in the context of a projective space/projective line but am having trouble understanding how the professor came to his conclusion about the point at infinity in this particular example 

Here is my question. In general, are all points in the locus of vanishing points for a homogeneous polynomials considered points at infinity? If not, is there a general procedure for calculating these point if we are given an arbitrary polynomial?

More abstractly, How do I understand that a finite point in the projective space is a "point at infinity" for this polynomial.

Here's another way to think about the "line at infinity" and the "points at infinity"...

Think of the usual $XY$-plane as sitting inside of $3$-space, but instead of it sitting in its usual place, $\{(x,y,0) : x,y\in\mathbb{R}\}$, shift it up by $1$ so that it sits as the $z=1$ plane.

Now, you are sitting at the origin with a very powerful laser pointer. Whenever you want a point on the $XY$-plane, you shine your laser pointer at that point. So, if you want the point $(x,y)$, you are actually pointing your laser pointer at the point $(x,y,1)$; since you are sitting at the origin, the laser beam describes a (half)-line, joining $(0,0,0)$ to $(x,y,1)$. 

Now, for example, look at the point $(x,0,1)$, and imagine $x$ getting larger. The angle your laser pointer makes with the $z=0$ plane gets smaller and smaller, until "as $x$ goes to infinity", your laser pointer is just pointing along the line $x$ axis (at the point $(1,0,0)$), and the same thing happens if you let $x$ go to $-\infty$. More generally, if you start pointing to points that are further and further away from the "origin" in your plane (away from $(0,0,1)$), the laser beam's angle with $Z=0$ gets smaller and smaller, until, "at the limit" as $||(x,y)||\to\infty$, you end up with the laser beam pointing along the $z=0$ plane in some direction. We can represent the direction with the slope of the line, so that we are pointing at $(1,m,0)$ for some $m$ (or perhaps to $(-1,-m,0)$, but that's the same direction), or perhaps to the point $(0,1,0)$. So we "add" these "points at infinity" (so called because we get them by letting the point we are shining the laser beam on "go to infinity"), one for each direction away from the "origin": $(1,m,0)$ for arbitrary $m$ for nonvertical lines, and $(0,1,0)$ corresponding to the direction of $x=0$, $y\to\pm\infty$. 

So: the "usual", affine points, are the ones in the $z=1$ plane, and they correspond to laser beams coming from the origin; they are each of the form $(x,y,1)$ for some $x,y$ in $\mathbb{R}$. In addition, for each "direction" we want to include that limiting laser beam which does not intersect the plane $z=1$; those correspond to points $(1,m,0)$, or the point $(0,1,0)$ when you do it with the line $x=0$. So we get one point for every real $m$, $(1,m,0)$, and another for $(0,1,0)$. You are adding one point for every direction of lines through the origin; these points are the "points at infinity", and together they make the "line at infinity".

Now, put your elliptic curve/polynomial $F=Y^2 - X^3 - aX-b$, and draw the points that correspond to it on the $z=1$ plane; that's the "affine piece" of the curve. But do you also get any of those "points at infinity"?

Well, even though we are thinking of the points as being on the $XY$-plane, they "really" are in the $Z=1$ plane; so our equation actually has a "hidden" $Z$ that we lost sight of when we evaluated at $Z=1$. We use the homogenization $f = Y^2Z - X^3 - aXZ^2 - bZ^3$ to find it. Why that? Well, for any fixed point $(x,y,1)$ in our "$XY$-plane", the laser pointer points to all points of the form $(\alpha x,\alpha y,\alpha)$. If we were to shift up our copy of the plane from $Z=1$ to $Z=\alpha$, we'll want to scale everything so that it still corresponds to what I'm tracing from the origin; this requires that every monomial have the same total degree, which is why we put in factors of $Z$ to complete them to degree $3$, the smallest we can (making it bigger would give you the point $(0,0,0)$ as a solution, and we do need to stay away from that because we cannot point the laser pointer in our eye). 

Once we do that, we find the "directions" that also correspond to our curve by setting $Z=0$ and solving, to find those points $(1,m,0)$ and $(0,1,0)$ that may also lie in our curve. But the only one that works is $(0,1,0)$, which is why the elliptic curve $F$ only has one "point at infinity". 
