A saw blade includes a circular core having a plurality of cutting elements along its periphery, and a central arbor hole. One or more offset gullets extend radially inward from the perimeter of the core. Each offset gullet includes a first opening in one side of the core and a second opening in the other side of the core. The first and second openings are adjacent but at least partially offset from one another, so that at least a portion of the offset gullet is not see-through.