All the BIN files I have downloaded have been VCD's or SVCD's, basically it's a format used to burn CD's (a layout). You then play the VCD or SVCD in your DVD Player or on your computer using your DVD software (such as WinDVD or PowerDVD).
I use a program called Alcohol 120% to burn image files (*.iso or *.bin) but you can also use Nero Burning ROM or Easy CD Creator.
Also there is a program called IsoBuster that you can use to extract the MPEG 2 or MPEG files from a *.bin or *.iso file, this will let you extract the movie from the bin file to the hard drive without having to burn a CD (or two). Do a search for it on Google. It's pretty self explanitory.