I've started studying cobordism and I found difficult formalising the abelian group structure of the oriented bordism group $\Omega_n$.
The main problem I encountered is dealing with the orientation at the boundaries, and so I did some sketches to help me visualise the problem.
To prove reflexivity of the relation it's enough to consider the cylinder over a closed oriented manifold $M$, as depicted in this picture.

And to prove existence of the inverse element for any $[M]$ (denoted with $-[M]$) under the operation, we said " consider the cylinder over $M$ and bend one end over the other." From what I understood (not english mother tongue:( ) that is the situation:
But I'm not convinced due to the fact that I don't see what's changed from the first situation to the second situation, only a little bending cannot change the orientation behaviour of the boundary. Nevertheless I tried depicting the situation.
The convention I used on the orientation of the boundary is the one saying that an oriented basis of $T_p(\partial W)$ followed by an outward pointing vector is an oriented basis of $T_pW$ where $W$ is the manifold of the bordism.
Can someone clarify these passages in the proof of the existence of inverse element?

You don't actually have to bend anything. The definition of a bordism from $M_0$ to $M_1$ is just a manifold $B$ together with an oriented diffeomorphism $\partial B\cong M_0\coprod -M_1$ (where $-M_1$ is $M_1$ with the opposite orientation). Now fix a manifold $M$ and consider $B=M\times[0,1]$; then $\partial B\cong M\coprod -M$. We can split this up in two different ways. First, we can let $M_0=M_1=M$, and find that $B$ is a bordism from $M$ to itself. But we can also set $M_0=M\coprod -M$ and $M_1=\emptyset$, and find that $B$ is a bordism from $M\coprod -M$ to the empty manifold. So between your two pictures, nothing has changed about $B$ or the orientation of its boundary; you've just changed which components of the boundary you're calling $M_0$ and which ones you're calling $M_1$.
The only reason to "bend" in the picture is if you want to visualize $M_0$ being at the bottom of the picture and $M_1$ being at the top: then you have to bend the area around $M\times\{1\}$ down so that it's at the bottom. But this is just to provide intuition; you don't actually need to change what $B$ is.