I'm a cyclist and a golfer, and I don't feel elitist or arrogant doing either, and I wave or head nod to just about everyone I see when cycling: cyclists, runners, dog walkers, skateboarders, etc, because there's a kinship with all of us just getting out and enjoying the outdoors. But if I were to think in that "arrogant" vein, I definitely feel more self-pride when I'm cycling, than when golfing. Maybe that's because golf is such an easy-on-the-body sport, and cycling, for me, is a masochistic sufferfest.