You've probably found the answers to your questions already, but just in case, and for anyone else curious about ways to do this, here's what I did to a "CC Clark" (Mars Music Ibanez knock-off) a few years back. At the Xmas-special price of 99 bucks, I figured it was just right for this sort of project, and if I wrecked it, oh well.
As with any DIY, your own work is done at your own risk, blah blah etc. This example is a relatively casual bit of tinkering on my part, but if you're thinking of doing this to a bass you actually care about (and/or with a higher-than-two-digit price tag), by all means, consult with a pro.
Anyway, I'd read some early internet blog posts about fretless conversions using end nippers to pull the frets, and
strip styrene and
gap-filling cyanoacrylate to replace them (the "gap filling" being a key point in the glue selection). Both can usually be found in hobby shops that cater to serious model makers, train buffs, etc., who like to build their own model bits from scratch. I found the stuff I used at a HobbyTown USA. The styrene strips come in in varying thicknesses, and at the time, were packaged in slim green & white plastic bags (see top edge of the photo below, and crop following):
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With a little bit of trial and error (which is fine - styrene is cheap stuff), I found a pretty good approximation of the fret slots in the strips measuring .020 x .188". (Sorry for the low resolution, but "zoom! enhance!" only works on crappy TV shows).
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I cut the strips to roughly neck-width, put the cyanoacrylate on the edge of the strips, and slid them into the fret slots. They will sit proud of the slots, so you can trim them to a rough height once the glue dries (I think I just used the flat side of a pair of wire cutters for that step, gently following the curve of the fretboard).
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Then, using a a long sanding block and a succession of sandpaper grits (sorry, I can't recall them in detail, but better tutorials can surely be found that will get you the right numbers), I smoothed down the trimmed strips, and got everything level with the board. I found a little bit of glue squeeze-out here & there, but once the board was re-finished, it wasn't terribly noticeable.
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Once everything was well wiped down and dried overnight, I oiled the fretboard, bolted it back on, strung it up with some flats, tweaked the setup a bit, and viola: $99 homemade fretless bass.
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Hope that helps someone. Good luck to any & all who try it!