Hundredth is usually pronounced [ˈhʌndrət̪θ]; the d has been assimilated to a [t̪] in anticipation of the following voiceless dental fricative [θ]. [t̪] is a dental stop, meaning the airflow is blocked behind the top teeth and the released.
In hundredth chance, we have three consonants in a row, including one of the most difficult consonants, [θ], and the complex segment [t͡ʃ].
Hundredth chance → hundre[t̪θt͡ʃ]ance
In the song, Taylor Swift pronounces it something like [ˈhʌndɹət̪θt͡ʃænsɪz]. She does pronounce the [t̪], but it's almost imperceptible.
The first thing you need to do is to practise this slowly. If you're still having problems, then you can do the following things in order to cope with this:
- if you skip the [t̪], you'll end up with [θt͡ʃ], which is understandable.
- if you skip the [θ], you'll get [t̪t͡ʃ], again, it's understandable and barely anyone will notice
Native speakers skip consonants in complex clusters all the time. For example, I've never heard anyone pronounce "king XYZ sixth's throne" as [sɪksθsθɾəʊn]—ideal pronunciation (try it! lol). Most native speakers will reduce it to [sɪksθɾəʊn]. (I can pronounce [sɪksθsθɾəʊn], though.)