However it will eventually fail in one of two ways.
Seal gap between concrete floor and wall.
Remove the baseboard if present to expose the gap between the subfloor and the wall face.
However it s not that simple.
Snip the opening of the tube at a 30 degree angle making the opening the same size as your gap.
In the short term a sealant applied along this gap between your basement floor and wall may prevent leakage.
Use a smooth even motion filling the crack flush with the surface beveling it if it s against the house.
Fill the crack with urethane caulk similar to what you would use for driveway caulk.
The gap in question was previously filled with either fiberboard or concrete crack sealant but enough of it has deteriorated to conceivably allow moisture in.
To remedy this issue i installed backer rod in the gap that i then covered with concrete crack sealant.
The water being blocked by the sealant will find another gap in your foundation to enter the home.
Slide the flat end of a pry bar between the baseboard and the wall.
After the walls have cured the basement floor is poured leaving a similar tiny gap known as the cove joint between the cured walls and newly poured floor.
Under ordinary circumstances this gap is too small to admit water.
It works perfectly as a concrete expansion joint sealant.