An accurate description of the maximum flow velocity across flood-protective structures is necessary in order to determine the stability of the landward slope and the amount of cover erosion. In this paper, two new formulas are derived to describe the change in the maximum overtopping flow velocity along the dike crest and the adjacent landward slope. These formulas are coupled in an effort to accurately predict the velocities in wave overtopping events. This analytical model is validated using 244 data points from flume tests and 300 data points from field tests on river dikes in the Netherlands. The modelled flow velocity shows good agreement with the measured flow velocity, with a Nash-Sutcliffe efficiency factor varying from 0.49 to 0.87. Also, the derived formulas are compared with existing formulas for wave overtopping flow velocities and overall showed a better performance for a wide range of geometries and covers.