We had this problem until I took the time to fix the mast so the deck tape would seal properly. Using epoxy filler I created a smooth band about two inches wide around the mast a few inches above the deck. Our mast is "in-mast" furling, so the back of the mast had a large opening that needed to be filled. When complete, we used self-amalgamating tape to seal between the deck and the mast and finished off the top of the wrap with electricians tape. We cover it with a canvas boot cover to keep the sun off and it has been good for the past 5 to 6 years.
Burt Preston
H44 - 83
Exuberant