Background Paragraph: The primary advantage held by a player in late position is that he will have more information with which to make better decisions than players in early position, who will have to act first, without the benefit of this extra information. This advantage has led to many players in heads-up play raising on the button with an extremely wide range of hands because of this positional advantage.[3] Also, as earlier opponents fold, the probability of a hand being the best goes up as the number of opponents goes down. 
Story: Steve and Bill are two friends who have decided to enter a poker tournament. They have randomly been selected positions at the table. Steve has been selected second position, while Bill is last position. They both really want to win, and have been avid poker players for years.
Does Bill have a better or worse advantage than Steve based on position? Does Steve have a better or worse advantage than Bill based on position? Which player has a better advantage based on their position? Which player has the worse advantage based on their position?