update_option from a pre populated form array-Collection of common programming errors

How can i update_option in wordpress from this: everything i do seems to not work, i must be missing something simple.

$l1teams = array(
    1=>"Caterham-Renault",
    2=>"Ferrari",
    3=>"Force India-Mercedes",
    4=>"HRT-Cosworth",
    5=>"Lotus-Renault",
    6=>"Marussia-Cosworth",
    7=>"Mercedes GP",
    8=>"Mclaren-Mercedes",
    9=>"Red Bull-Renault",
    10=>"Sauber",
    11=>"Toro Rosso-Ferrari",
    12=>"Williams-Renault",
    );

Originally posted 2013-11-09 22:41:41.