In this mode, the car's front end should lift off during the start. The one who does the longest distance on two rear wheels wins the race. Rear wheel drive cars can only perform the wheelie with stage three parts installed for the engine, drive train, forced induction, tires and nitrous oxide.
The car should be started the same way as in the Drag race with the engine RPM in the range highlighted in green to get the best start. The car's front end should lift off by itself. During the start, nitrous oxide is not needed but should instead be used when the front end of the car is about to land. In this way, the nitrous oxide will give the car a better acceleration, keeping the front end up. Tune the nitrous pressure to low and nitrous jetting flow rate to high.
The BMW M3 E46 does a wheelie distance of 400 meters when tuned for this mode.
With the maxed up setup I have (all the best parts) you tune your spring rates to their lowest and lower the car all the way and then make all your gearing to "Tallest" and tune the nitrous the way he has written and it is possible to achieve a wheelie for 1344 feet which I have done with my GT500