Re: Folding KK btf
Your opponent's optimal bluffing % is 250/700 (the amount of his bet over and above his call over the amount that will be in the pot after you call), which is about 1/3. Your optimal calling % is 200/450, just under 1/2.
If you think the chance your opponent is bluffing is less than 1/3, then fold. If more than 1/3, call. If exactly 1/3, call about 1/2 the time.
Paul makes a good point, which is that the most likely hands your opponent has is KK and AA, and AA is much more likely than KK. So if he's not bluffing, he's very likely to have you beat.
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