Wheel of Fortune" is a song by Swedish pop group Ace of Base, released as their first single from the debut album, Happy Nation (1992). The song was first serviced to Danish radio in early 1992, through Mega Records, but failed to pick up much support. When re-promoted for a third time and released in stores on 29 June 1992, it entered the official Danish singles chart at number six, before later peaking at number two. It wasn't released elsewhere in Europe until 1993, following the success of their second single, "All That She Wants".

"Wheel of Fortune" is a reggae flavoured dance-pop song written by bandmembers Jonas Berggren and Ulf Ekberg. It was recorded in Studio Decibel in Stockholm, Sweden for a budget of SEK 30,000, and did not enter the charts when it was released for the first time. It was the third re-release of the single that entered the charts after radio stations and clubs started to play it. The song peaked at number-one in Norway, and was a top 10 hit in Austria, Belgium, Denmark, Germany, Israel, the Netherlands, Spain and Switzerland. Its music video was directed by Viking Nielson.