CSS: how to position element in lower right?

I am trying to position the text element "Bet 5 days ago" in the lower right-hand corner. How can I accomplish this? And, more importantly, please explain so I can conquer CSS!

Lets say your HTML looks something like this:

<div class="box">
    <!-- stuff -->
    <p class="bet_time">Bet 5 days ago</p>
</div>

Then, with CSS, you can make that text appear in the bottom right like so:

.box {
    position:relative;
}
.bet_time {
    position:absolute;
    bottom:0;
    right:0;
}

The way this works is that absolutely positioned elements are always positioned with respect to the first relatively positioned parent element, or the window. Because we set the box's position to relative, .bet_time positions its right edge to the right edge of .box and its bottom edge to the bottom edge of .box

Set the CSS position: relative; on the box. This causes all absolute positions of objects inside to be relative to the corners of that box. Then set the following CSS on the "Bet 5 days ago" line:

position: absolute;
bottom: 0;
right: 0;

If you need to space the text farther away from the edge, you could change 0 to 2px or similar.