While he admits facing the Dogs on the quick surface at the Docklands is no easy task, Wallace promised he would not be trying to strangle the contest.
"Obviously they're a very good side, a top-four side from last year, and in excellent form in the first two rounds. It's a difficult assignment, but we managed to grind out a draw with them last year, so we'll go into the game and take them on," Wallace said ahead of a light training session at Punt Road Oval on Sunday.
"We rate our own leg speed. It's an area that we really believe we're strong in ourselves, so from that aspect we're prepared to take them on."
Recent history backs up Wallace’s assertion with the two sides finishing with 130 points apiece after their dramatic round-five encounter last year.
The Bullies are highly-favoured going into the clash, but Wallace scoffed at the notion that the Tigers' season would be in dire trouble if the result didn't go their way.
"We're not looking at going 0-3, we're looking at going 1-2, but certainly if circumstances go that way I would think absolutely [you're still in it]," he said.
"I mean you're three weeks into a 22-round season, so it's still absolutely game on. We'll worry about that when it occurs or if it occurs."
The Tigers will be fresh after two substantial breaks separated their first three matches of the season, but Wallace admitted it would have been nice to get back on the park sooner after a spirited effort against Geelong last week.
"I thought we took some good strides last week against a very capable side," he said.
"We need to be showing the form that we showed in patches of that game over four quarters. That's really where it sits.
"If we play the type of footy we played in the third quarter we're going to be competitive against any side in the competition. You can't do it for a 40-minute or 50-minute scenario – you've got to do it over a four-quarter period."