I'm going out on a limb here, knowing that if I get this wrong, someone will correct me--kindly, I hope!
After the ball is tossed, the first team to gain possession (two-hand hold, or good dribble) has gotten the first "alternating possession" and the arrow is then set toward THE OTHER basket. In other words, if A2 comes down with the ball after the tip, team A now has possession and team B gets the next alternating possession. The table keepers should set the arrow toward B's basket so on the next held ball or double foul or whatever the ref can look up, see the arrow toward B and call color and point toward B's basket.
The main problem I have with this isn't with all the rule intricacies, but with table folks who aren't experienced. Like the school where the arrow was painted onto a block of wood and I loooked up after a held ball and the table kid was tossing the arrow up and catching it like a juggling club!!
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