Midnight Lute won the Grade 3 Perryville Stakes at Keeneland Race Course on October 13, 2006, in track-record time.
He collected his first Grade I win on September 1, 2007, while setting a new stakes record in the Forego Handicap at Saratoga Race Course.

He also placed in several graded stakes, including the Malibu Stakes (3rd, Grade I) and the San Fernando Stakes (2nd, Grade II) at Santa Anita Park.

On October 27, 2007, Midnight Lute scored the most important victory of his career when he won the six-furlong Breeders' Cup Sprint at Monmouth Park, ridden by Garrett Gomez.
 Coming from last to first, he won by ​4 ³⁄₄ lengths over a sloppy track in a time of 1:09.18, with Idiot Proof second and Talent Search third.

An injury kept him away from the races for most of the 2008 season.
 In his first start of the year, he finished 10th in the Pat O'Brien Handicap at Del Mar Racetrack.
 His second start was the Breeders' Cup Sprint at Santa Anita Park on October 25.
 He won the six-furlong race in a final time of 1:07:08 on a fast track.
 Fatal Bullet ran second, with Street Boss third.
 With that win, Midnight Lute became the first horse to repeat in the Breeders' Cup Sprint.

On October 28, 2008, it was announced that Midnight Lute would be retired to stand stud at Hill 'n' Dale Farms in Kentucky for an initial fee of $20,000.
Midnight Lute won the Grade 3 Perryville Stakes at Keeneland Race Course on October 13, 2006, in track-record time. He collected his first Grade I win on September 1, 2007, while setting a new stakes record in the Forego Handicap at Saratoga Race Course.
He also placed in several graded stakes, including the Malibu Stakes (3rd, Grade I) and the San Fernando Stakes (2nd, Grade II) at Santa Anita Park.
On October 27, 2007, Midnight Lute scored the most important victory of his career when he won the six-furlong Breeders' Cup Sprint at Monmouth Park, ridden by Garrett Gomez.  Coming from last to first, he won by ​4 ³⁄₄ lengths over a sloppy track in a time of 1:09.18, with Idiot Proof second and Talent Search third.
An injury kept him away from the races for most of the 2008 season.  In his first start of the year, he finished 10th in the Pat O'Brien Handicap at Del Mar Racetrack.  His second start was the Breeders' Cup Sprint at Santa Anita Park on October 25.  He won the six-furlong race in a final time of 1:07:08 on a fast track.  Fatal Bullet ran second, with Street Boss third.  With that win, Midnight Lute became the first horse to repeat in the Breeders' Cup Sprint.
On October 28, 2008, it was announced that Midnight Lute would be retired to stand stud at Hill 'n' Dale Farms in Kentucky for an initial fee of $20,000.
Midnight Lute