I just ran the following analysis based on the 2016 House of Representatives Election in Australia. It shows a slight correlation, however it also shows a significant standard deviation within electorates with the same number of candidates.
Most candidate counts had at least one electorate decided on first preferences, and most had at least one decided on two-candidate preferred.
For the benefit of those unable to see the chart:
- 3 candidates: 1.00 counts (average based on 1 electorate)
- 4 candidates: 1.82 counts (11 electorates)
- 5 candidates: 2.24 counts (34 electorates)
- 6 candidates: 3.33 counts (36 electorates)
- 7 candidates: 4.75 counts (28 electorates)
- 8 candidates: 4.41 counts (17 electorates)
- 9 candidates: 7.62 counts (8 electorates)
- 10 candidates: 5.88 counts (8 electorates)
- 11 candidates: 10.0 counts (7 electorates)
Source of raw data: Australian Electoral Commission.
Method: The electorates were grouped based on the number of candidates nominated in the 2016 election. The number of counts required for a candidate to reach 50% of the vote was determined for each electorate, and then the average, min/max and standard deviation was calculated within each group. In Australia, each count results in the elimination of exactly one candidate. For the sake of avoiding ambiguity, the first count is the first-preference, and the second count is the first runoff.
EDIT: Breakdown table to supplement the above:
CANDIDATES
1 2 3 4 5 6 7 8 9 10 11
+---+---+---+---+---+---+---+---+---+---+---+
1| | | 1 | 6 | 17| 11| 5 | 5 | | 3 | |
+---+---+---+---+---+---+---+---+---+---+---+
2| | | | 1 | 3 | 2 | | | | | |
+---+---+---+---+---+---+---+---+---+---+---+
3| | | | 4 | 3 | 3 | 1 | 1 | | | |
+---+---+---+---+---+---+---+---+---+---+---+
4| | | | | 11| 4 | 2 | 2 | | | |
C +---+---+---+---+---+---+---+---+---+---+---+
O 5| | | | | | 16| 3 | 1 | | | |
U +---+---+---+---+---+---+---+---+---+---+---+
N 6| | | | | | | 17| 2 | 1 | | |
T +---+---+---+---+---+---+---+---+---+---+---+
S 7| | | | | | | | 6 | 1 | | |
+---+---+---+---+---+---+---+---+---+---+---+
8| | | | | | | | | 6 | 1 | |
+---+---+---+---+---+---+---+---+---+---+---+
9| | | | | | | | | | 4 | |
+---+---+---+---+---+---+---+---+---+---+---+
10| | | | | | | | | | | 7 |
+---+---+---+---+---+---+---+---+---+---+---+