So, what is binaural beats or binaural tones?  They are auditory (hearing) processing artifacts, or apparent sounds, caused by specific physical stimuli.  This effect was discovered in 1839 by Heinrich Wilhelm Dove and earned greater public awareness in the late 20th century based on claims coming from the alternative medicine community that binaural beats could help induce relaxation, meditation, creativity and other desirable mental states. The effect on the brainwaves depends on the difference in frequencies of each tone: for example, if 300 Hz was played in one ear and 310 in the other, then the binaural beat would have a frequency of 10 Hz.
The two drawbacks: time and money. It takes a full hour everyday for months, and you can drop quite a bit of cash on it (each level costs around $200 for the digital download version and more for the actual CDs). A level takes a minimum of 6 months to complete, so you have to remain dedicated to see the results. Quite an investment, so you'd need to be in it for the long haul. Great support and service, though.
Theta waves also have been observed in moments when a person recalls information from the past, and this may be what links them also to improvement in learning ability. We also experience theta waves when we go into automatic pilot mode, such as when doing a repetitive task like driving a familiar route where the mind become disconnected while you still drive safely toward your destination.
If brainwave entrainment leaves you with unwanted side-effects (see below) or discomfort, you’re probably encouraging a range of brainwaves that are already excessive in some area of your brain. The way around this is to get a brain map to see what your brain’s strengths and weaknesses are, and see what (if any) brainwaves could use some encouragement.