Thanks Louis. I agree with you that it"s not a clear fold.
If I put the first guy on a reasonably wide pushing range (say 99+ AQs+ and AQo+) ane even put the second guy on a tight range (say KK+ AKs AKo), I have approximately 33% equity against their 22% and 45%.
However, my read (which was incorrect!) based on Toreraise"s previous play was that he was capable of big lay downs and was a solid player, and that he probably wouldn"t be calling the all in with a worse hand than probably AA or KK. In that case my equity falls to 16%.
I had finished second two weeks previously (winning 2.2k from a fiver) and knew I was capable of going deep so that was the main reason for folding. I never play to just cash and folding to the money is of no interest. With 25BB I thought I still had enough time to pick a better spot, particularly the way the table was playing.
Against the same player based on previous play, I would probably do the same again. Otherwise it would be situation dependent, but all other things being equal I would probably make the call. I actually lost the following week in the APAT league with QQ after reraising and ended up against KK!
All the best.
Craig