Step 1: Recall the meaning of composition.
$(f\circ g)(x)=f\bigl(g(x)\bigr)$, so we feed $g(x)=\dfrac{x}{x+1}$ into $f(t)=\dfrac{t}{2t+1}$.
Step 2: Use a clean substitution variable.
Let $t=\dfrac{x}{x+1}$. Then $f(t)=\dfrac{t}{2t+1}$.
Step 3: Compute the numerator and denominator separately.
Numerator: $t=\dfrac{x}{x+1}$. Denominator: $2t+1=\dfrac{2x}{x+1}+1=\dfrac{2x+(x+1)}{x+1}=\dfrac{3x+1}{x+1}$.
Step 4: Divide the two fractions.
\[ f(t)=\frac{\dfrac{x}{x+1}}{\dfrac{3x+1}{x+1}}=\frac{x}{x+1}\cdot\frac{x+1}{3x+1}. \]
Step 5: Cancel the common factor.
The $(x+1)$ terms cancel, leaving $\dfrac{x}{3x+1}$.
Step 6: Sanity check with a number.
At $x=1$: $g(1)=\tfrac12$, $f(\tfrac12)=\tfrac{1/2}{2}= \tfrac14$, and $\tfrac{1}{3+1}=\tfrac14$ agrees. \[ \boxed{(f\circ g)(x)=\dfrac{x}{3x+1}} \]