According to Goldman and Olsson's so‐called conditional probability solution to the extra‐value‐of‐knowledge problem, knowledge is more valuable than mere true belief because having the former makes the acquisition of further similar true beliefs in the future more likely than having the latter does. Unfortunately, however, several philosophers have rejected the comparative probability claim Goldman and Olsson's solution is based on. In this paper, I present a new argument in defence of this claim. More precisely, I point out a highly plausible (...) necessary and sufficient condition for the latter and argue for its truth by bringing together confirmation‐theoretic and reliabilist considerations. I also explain where a number of objections against Goldman and Olsson's probabilistic claim seem to go wrong. (shrink)