Wagering system and method

1. A method of issuing a digital voucher, comprising:

initiating a first link with a client device, the first link including:

displaying a graphical identifier at one of the client device and a terminal and scanning the graphical identifier at the other of the client device and the terminal;

receiving a unique identifier associated with the client device;

querying a transaction database for a balance associated with the unique identifier;

displaying the balance with a graphical user interface at the terminal;

updating the balance at the transaction database upon receipt of an amount of currency at the terminal;

displaying the updated balance with the graphical user interface at the terminal;

generating a digital voucher including a transaction identifier and a value, the digital voucher being associated with the unique identifier; and

transmitting the digital voucher to the client device;

initiating a second link with the client device, the second link including:

receiving a wager on an event-associated outcome, the wager based on a probability of the outcome occurring;

updating the balance associated with the digital voucher based on the received wager; and

issuing a digital ticket and a ticket identifier associated with the digital ticket, wherein the digital ticket is associated with the received wager and the ticket identifier is stored on the client device;

receiving a notification whether the outcome occurred; and

initiating a third link with the client device, the third link including:

when the notification indicates that the outcome occurred, identifying the digital ticket as a winning ticket and updating the balance associated with the digital voucher based on the wager associated with the winning ticket.

2. The method of claim 1 , wherein the second link comprises establishing a wireless connection.

3. The method of claim 1 , wherein the graphical identifier comprises a bar code.

4. The method of claim 3 , wherein at least one of the client device and the terminal includes an imaging device.

5. The method of claim 3 , wherein the bar code is a visual representation of at least one of the unique identifier and the transaction identifier.

6. The method of claim 1 , wherein the receiving the currency step comprises receiving the currency via a currency management mechanism.

7. The method of claim 1 , wherein the receiving the currency step is selected from the group consisting of:

processing a monetary transaction and processing a credit card transaction.

8. The method of claim 1 , further comprising displaying the digital voucher at the client device with a graphical user interface.

9. The method of claim 1 , wherein the digital voucher is designated as locked after initiating the first link such that the digital voucher cannot be accessed at another terminal.

10. The method of claim 1 , further comprising disconnecting the first link.

11. The method of claim 10 , wherein the digital voucher is designated as unlocked when the link is disconnected such that it may be accessed at another terminal.

12. The method of claim 1 , wherein the unique identifier comprises at least one of a manufacturer's serial number and a rewards number identifying a user.

13. A system for issuing a voucher, comprising:

a display;

a processor;

a memory, the memory including instructions stored thereon causing the processor to perform a method of issuing a digital voucher, the method comprising:

initiating a first link with a client device, the first link including:

displaying a graphical identifier at one of the client device and a terminal and scanning the machine-readable code at the other of the client device and the terminal;

receiving a unique identifier associated with the client device via the first link;

querying a transaction database for a balance associated with the unique identifier;

displaying the balance with a graphical user interface at the terminal;

updating the balance at the transaction database upon receipt of an amount of currency at the terminal;

displaying the updated balance with the graphical user interface at the terminal;

generating a digital voucher including a transaction identifier and a value, the digital voucher being associated with the unique identifier; and

transmitting the digital voucher to the client device;

initiating a second link with the client device, the second link including:

receiving a wager on an event-associated outcome, the wager based on a probability of the outcome occurring;

updating the balance associated with the digital voucher based on the received wager; and

issuing a digital ticket and a ticket identifier associated with the digital ticket, wherein the digital ticket is associated with the received wager and the ticket identifier is stored on the client device;

receiving a notification whether the outcome occurred; and

initiating a third link with the client device, the third link including:

when the notification indicates that the outcome occurred, identifying the digital ticket as a winning ticket and updating the balance associated with the digital voucher based on the wager associated with the winning ticket.

14. The system of claim 13 , wherein the second link comprises establishing a wireless connection.

15. The system of claim 13 , wherein the graphical identifier comprises a bar code.

16. The system of claim 15 , wherein at least one of the client device and the terminal includes an imaging device.

17. The system of claim 15 , wherein the bar code is a visual representation of at least one of the unique identifier and the transaction identifier.

18. The system of claim 13 , wherein the receiving the currency step comprises receiving the currency via a currency management mechanism.

19. The system of claim 18 , wherein the receiving the currency step is selected from the group consisting of:

processing a monetary transaction and processing a credit card transaction.

20. The system of claim 13 , further comprising displaying the digital voucher at the client device with a graphical user interface.

21. The system of claim 13 , wherein the digital voucher is designated as locked after initiating the first link such that the digital voucher cannot be accessed at another terminal.

22. The system of claim 13 , further comprising disconnecting the first link.

23. The system of claim 22 , wherein the digital voucher is designated as unlocked when the link is disconnected such that it may be accessed at another terminal.

24. The system of claim 13 , wherein the unique identifier comprises at least one of a manufacturer's serial number and a rewards number identifying a user.