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So why are they drawn to someone who is 'arrogant' when I was always led to believe it was confidence and not arrogance?.. alot of the time (and this is probably due to my low confidence at moments infront of girls).. I act like I dont care.
You haven´t been led to believe something wrong here. You actually nailed the main difference between the two seemingly without noticing.
Arrogance is a non-quality and means that someone is displaying a behaviour that is putting down or humiliating others in order to mask a lack of confidence. A person that is truly self confident has no need for that.
There will always be women that will fall for an arrogant looser, but these women clearly have self-esteem issues.
The stunt you pulled with that camera was actually pretty cool and falls more into the cocky-category, which could be described (at least in my opinion) as showing seemingly arrogant behaviour but with a smile that says "I´m only fucking with you."
Real arrogance is simply repulsive to anyone, male or female, who has his/her shit together because it´s a sign of weakness and insecurity.