Yes, I can recall having at least one tennis arb that mutated into a push (cancellation) and a loss.
For my purposes, I typically want all my baseball bets specified as "action" (meaning the bet stands regardless of who pitches). Afaik, "action" is locked in on most of the regulated sports apps. Circa optionally allows listed selections on money line bets.
I understand the offshores may orient differently. To my frustration, BetOnline/LowVig defaults to listed-listed, with an option to select "action" on money line bets. I don't know how it goes at the B&M sportsbooks, as I only bet from home.