[rickr]

My stats show the same. I've looked it over and my theory is this; On average you are down to 6 by late in the third or fourth level. Stealing time. Blinds not high enough to push all in, but high enough for a steal. You still have enough fish (hate calling them fish, let's say gamblers) left, that you will get called on your steals, and you will get called on your real hands by people thinking it's a steal. With that, it's natural than that you will have more bad beats and lose more coin flips.
I haven't done it, but if you sat down and went through HH's, I believe that a disportionate number of tournies are also made (you win a big pot that sets you up for i.t.m.) at the 5 or 6 people left as well.

Later,
Rick