That blue band isn't of a sufficiently strong material. You might try the Kool Stop or Michelin bands which seem to work better. Or follow the lead of myself or others and switch to either filament or surgical tape.
The rpobel with the Velox tapes is that they're thick, so any tape wide enough to reliably cover the hole by coming up the side will leave a fat edge vulnerable to the tire pushing out of the way.
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