I am going over the proof of $\lim\limits_{x \rightarrow \infty} \frac{x^2+2x}{2x^2+1} = \frac{1}{2}$. Let $f(x) = \frac{x^2+2x}{2x^2+1}$.
After setting $\epsilon >0$, we have $|f(x) - \frac{1}{2}| = |\frac{x^2+2x}{2x^2+1} - \frac{1}{2}| = |\frac{4x-1}{2(2x^2+1)}| < \epsilon$. We find that if $x > \frac{1}{4}$, then $\frac{4x-1}{2(2x^2+1)} < \epsilon$.
Now, the argument goes something like:
$$f(x) = \frac{4x-1}{2(2x^2+1)} < \frac{2x}{2x^2+1} < \frac{2x}{2x^2} = \frac{1}{x} = g(x)$$
And then it concludes that $f(x) < \frac{1}{x} = g(x) < \epsilon $ so $x > \frac{1}{\epsilon}$, and finally take $\max(\frac{1}{4}, \frac{1}{\epsilon})$ to prove the claim.
We have shown $f(x) < g(x)$ and we had $f(x) < \epsilon$. Why is it necessarily true that $g(x) < \epsilon$? Because in general if $a < b$ and $a < c$, we cannot conclude that $b < c$, since it is also possible that $c \leq b$. The inequality $g(x) < \epsilon$ does not look fully justified to me as is, especially because we have inequalities in the intermediate steps between $f(x)$ and $g(x)$ and not equalities.