Over the next days, I'll be updating this post several times. I do this to prevent my work from getting lost, but I appologize in advance for any cliffhangers in the meantime.
The first step to understanding an opening is by glancing through the move sequence. Go ahead, flip through them! It soon becomes clear why Palliser deemed black's move choice as "bold and dynamic": black's audacious third move keeps all the pieces on the board, and allows rapid development by white! Why in the world, then, would black inflict such troubles on himself?
1. e4 c5 2. Nf3 d6 3. Bb5+ Nd7
Palliser's explanation of the move is that the resulting positions are similar to those reached in the regular 'ol Open Sicilians, which the player of the black pieces was probably wanting to play in the first place. The pros who play this the most include: Viktor Bologan, Joe Gallagher, Farrukh Amonatov, Vladislav Nevednichy, and Evgeny Vorobiov.
4. d4
At the fourth move, white comes to a crossroad. 4. d4, as per the main line, thematically exchanges a central pawn for dynamic play through rapid development. The other option is 4. c3!? allowing white to play in the manner of the Ruy Lopez.
4. ...Ngf6
Attacking white's center while developing, this move is another move commonly seen in the Sicilian. However, black can transpose into Bxd7+ lines instead:
5. Nc3
Sacrificing with 5. O-O is also possible, since white gets lots of dynamism as compensation.
Example of accepting the sacrifice:
Declining the pawn after 5. O-O: