The probability of being in any simulation is conditional on the one above, which necessarily decreases exponentially. Any simulation running an equivalent simulation will do so much slower, so you get a geometric series of degrading probabilities.
The rate of decay will be massive, imagine how long and how much resources it would take us to simulate our universe, even in a hand waved AI+lazy compute way that also spawns subconsciousnesses. The inverse of that is the sequences ratio.
So even in theory, the probability of you being in any of the simulated universes is P(we can simulate a universe) / (1-1/time to simulate) - prob we’re in the top universe.
Thinking this probability is overwhelming because of the nesting effect is false.
Besides, time is not absolute, and having it run slower near massive objects or when objects accelerate would be a neat trick to save on compute power needed to simulate a universe.