Understanding odds is fundamental in sports betting. In the case of a cricket match with odds of 5/1, it suggests a favorable outcome for the bettor. For every $1 wagered, the bettor stands to win $5 if their prediction is correct. However, it's essential to be aware of negative odds, where the bettor would need to stake more than they stand to win. In such instances, careful consideration and analysis are vital to make informed betting decisions and mitigate potential losses.