Bingbot will hit my site pretty hard for a couple of hours each day, and will be extremely light for the rest of the time.
I'd either like to smooth out its crawls, reduce its rate limit, or block it altogether. It doesn't really send through any real visitors.
Is there a way I can smooth its crawling, or rate limit it?
You can ban his IP using HTACCESS.
More about that you may find here: Blog about bot blocking