The Azure Event Hubs overview article states the following:
The number of partitions is specified at the Event Hub creation time and must be between 8 and 32. Partitions are a data organization mechanism and are more related to the degree of downstream parallelism required in consuming applications than to Event Hubs throughput. This makes the choice of the number of partitions in an Event Hub directly related to the number of concurrent readers you expect to have. After Event Hub creation, the partition count is not changeable; you should consider this number in terms of long-term expected scale. You can increase the 32 partition limit by contacting the Azure Service Bus team.
Since you cannot change the number of partitions on your event hub after initial creation, why not just always configure it to the maximum number of partitions, 32? I do not see any pricing implications in doing this. Is there some performance trade off?
Also, as another side note, I appear to be able to create an event hub with less than 8 partitions. The article says it must be between 8-32. Not sure why it says that...