Chance Time was too common and an extreme annoyance in the first Mario Party. Its not all that bad, but of course, it can ruin you. It bothers me but its okay. It usually does nothing assuming if it MP3's Chance Time. Luck is usually on my side and you can somewhat control what happens.
Mario Party 3's had an awesome one, the Toads dancing really added on to the music.
I have a equal amount of hate and like for chance time because it comes in handy for me at times, but sometimes It can be a b**** when you are picked and lose a star or 30 coins. The song is type cachy tho.
I mostly like MP1 and 2's music since everyone freaks out on chance time, and I'm good at those games, so when I hear this, I know I'm just going to do well in that game.
I prefer Bowser's Chance Time on what I saw in Mario Party 2. The background is better than the original one and Bowser replaces Toad as host (in the end, he gets the number of coins from another player selected). Above all, the music is okay.