In a chat with 120 Sports, Begay said that his friend had made improvements to his game and there was a 50-50 chance that he would play in the Masters on April 9.
"As far as Augusta, it's literally a 50-50 chance from what I can tell," Begay told 120 Sports. "I think that's far better odds than what it was three weeks ago.
Four-time Masters winner, Woods, 39, has not played on the PGA Tour since announcing that he was taking an indefinite break from golf due to a back injury plus he needed to tweak his overall game and said he would return when he was ready.
Begay said Woods is seeing a big improvement in his game and things were looking good overall.
"I think his golf game as a whole is in a great place," Begay said. "I think it was good for him to stay a step back, to reassess a variety of different things and do things on his timeline,” said Begay.
“My suggestion to him was to take as much time as he needed to just figure out this issue with his short game and also to work on or clean up a couple of things that might be a little loose with his golf swing.
"I think things are really settling. We've had some good discussions over the last week or so and he feels good about it.
"Three weeks ago I would have said there was maybe a 1-in-10 chance of him playing at Augusta," he added.