How to Drift:
Newtons first law of inertia states that when an object is moving it wants to keep moving in the same way and it resists any changes to that motion unless there is an external force causing a change in this case the cars natural tendency is to go straight when the cars steering wheel is turned there is an external force. That fore is the friction between the tires and the track called traction. When you turn the wheels some of that traction is angled perpendicular to the cars velocity so instead of moving in a straight line the car begins to follow a curved path. When you overcome the friction between the tires and the road by entering a curve at an unusual sharp angle or an abnormally high speed and enter a slide you can then turn the slide into a drift by taking control of the car by turning the wheel into the opposite direction of the bend. Turning the wheel changes the direction from the friction force from the skid and that can change the direction of the skid itself.


Practice until you know exactly how to hit the curve using your vehicles acceleration and brakes and exactly how to turn the steering wheel. Then you will make drifting look easy.


* Quoted from "The Physics Of Drifting, Explained"
-  Buisness Insider


Same method for drifting applies in game

How to Wheelie:  
- tap the brakes and hold it then hold the acceleration you can tell when it’s ready to release by listening to the audio then let go of the brakes while still holding the acceleration.