The molecular triangular lattice system, β^{'}-EtMe_{3}Sb[Pd(dmit)_{2}]_{2}, is considered as a candidate material for the quantum spin liquid state, although ongoing debates arise from recent controversial results. Here, the results of electron spin resonance and muon-spin relaxation measurements on β^{'}-EtMe_{3}Sb[Pd(dmit)_{2}]_{2} are presented. Both results indicate characteristic behaviors related to quasi-one-dimensional spin dynamics, whereas the direction of anisotropy found in electron spin resonance is in contradiction with previous theories. We succeed in interpreting the experiments by combining density-functional theory calculations and analysis of the effective model taking into account the multiorbital nature of the system. While the quantum-spin-liquid-like origin of β^{'}-EtMe_{3}Sb[Pd(dmit)_{2}]_{2} was initially attributed to the magnetic frustration of the triangular lattice, it appears that the primary origin is a 1D spin liquid resulting from the dimensional reduction effect.