A multiple-keyed crankshaft and flywheel provides for different ignition timing options for an internal combustion engine. The crankshaft of the engine includes multiple keyways set at designated angular displacements of the crankshaft that correspond with keyways on a flywheel for providing different timing options for the engine. The flywheel may be mounted to the crankshaft by aligning one of the keyways of the flywheel to one of the keyways of the crankshaft related to a particular ignition timing selection.